How to legally raise money for other people's 506c deals?

[Nick B.]

Hello Legal Eagles!

I spoke with several syndication groups about joining them as a money raiser and got similar responses:

"If you can prove that you can raise at least $500K we will consider you. But we cannot make you a part of a GP upfront because we don't know if you can really raise the money".

So, this is a classical Catch-22 problem: how do I prove to them that I can raise a stated amount if I cannot tell prospective investors that I am raising money for such-and-such deal and I can definitely not advertise?

Does it boil down to convincing a syndicator that I can do it and have them making me a part of a GP? I.e., if I become an "official" GP, I can advertise for 506c deals and hopefully raise money that way. But If I don't meet the minimum, they would quietly remove me from the GP, so no harm is done.

Can this tactic work? Is it even legal?

How have other people overcome this obstacle?

Thanks