Law Blog Tag: Form S-1

OTC Markets Petitions The SEC To Expand Regulation A To Include SEC Reporting Companies

SEC Issues Rules Implementing Certain Provisions Of The FAST Act

The Fast Act (Fixing American’s Surface Transportation Act)

First Issuer Completes NASAA Coordinated Review For Regulation A Offering

SEC Proposes Rules for Regulation A+

The DPO Process Including Form S-1 Registration Statement Requirements

SEC Guidance On Social Media And Websites For Company Announcements And Communications- Part I

Regulation A and Rule 504

December 07, 2009 in Regulation A

Section 3(b) of the Securities Act gives the SEC authority to exempt from registration certain offerings where the securities to be offered involve relatively small dollar amounts. Under this provision, the SEC has adopted Regulation A, a conditional ex-emption for certain public offerings not exceeding $5 million in any 12-month period. An offering statement (consisting of a notification, offering circular, and exhibits) must be filed with the SEC Regional Office in the region where the company’s principal business activities are conducted. Although Regulation A is technically an exemption from the registration requirements of the Securities Act, it is often referred to as a “short form” of registration since the offering circular (similar in content to a prospectus) must be sup-plied to each purchaser and the securities issued are freely tradeable in an aftermarket.