17 CFR 230.501-508SECactive
Regulation D — Private Placement Exemptions
Plain English Summary
Allows companies to raise capital through private offerings without full SEC registration under certain conditions.
CFR Title
17
CFR Part
230
Effective Date
Apr 15, 1982
Jurisdiction
US
Full Text
Regulation D provides exemptions from the registration requirements of the Securities Act for certain private offerings. Rule 506(b) allows companies to raise unlimited capital from accredited investors and up to 35 sophisticated non-accredited investors without general solicitation. Rule 506(c) permits general solicitation if all purchasers are verified accredited investors.
Companies relying on Regulation D must file a Form D notice with the SEC within 15 days after the first sale of securities.
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