What is SEC Form D? | Compliance Glossary

What is SEC Form D? | Compliance Glossary

What Is SEC Form D?

SEC Form D, also known as Reg Dex or Reg D, is required for companies and funds offering and selling securities without registration under the Securities Act of 1933 in reliance on an exemption provided in Regulation D or Section 4(a)(5). The form must be filed within 15 days after the first sale of securities.

SEC Form D comprises brief information about the company, its executive officers and stock promoters, the amount and value of the securities sold and the date of first sale. The form is intended to prevent fraud in the sale of the offered securities by requiring significant information on those securities be made easily accessible to investors.

A number of SEC Form D filings are made by startups raising capital through venture capital and angel investors as well as certain pooled investment funds.

Form D is filed in XML format and must be filed using the SEC’s EDGAR (Electronic Data Gathering, Analysis and Retrieval) system. Once the Form D submission has been accepted, it can be accessed by the general public via SEC.gov.

« Back to Glossary Index
No Comments

Post A Comment