Series 24: Small Issues: Regulation A

Small Issues: Regulation A

As long as a business does not want to raise more than $50 million in equity over a one-year period, the business can raise money under a Regulation A exemption and be exempt from the full SEC registration process. Regulation A is open to non-reporting U.S. and Canadian issuers that have a legitimate business plan. Regulation A is not open to investment companies or disqualified issuers.

Under Regulation A, a business does not have to file a complete registration statement. Instead it may file an offering