Series 22: 6.2.1. Subscription Agreement

 6.2.1. Subscription Agreement

We have seen that an investor who wishes to invest in a private offering must complete and sign a subscription agreement. The subscription agreement serves as an order form detailing the investor’s purchase, a disclosure document for the investor, and a way for the dealer to document that it is only selling to investors for whom the DPP offering is suitable. It is applicable both to private placements and best-efforts underwritings under Regulation A.

Recall that as part of the subscription agreement, the issuer must provide general information about the offering such as the number and price of securi