Regulation D Offering
(SA 1933
)
Regulation D Offering - exempt from registration with the SEC if private placement is used instead of an investment banker.
Private placements avoid registration requirements (no underwriter).
The buyer must be sophisticated investor and the buyer must have access to prospectus type information.
The issuer must think the buyer will hold the securities (need an investment letter).
Can't sell to more that 35 non-accredited Investors.
