SEC notice of exempt offering of securities (Form D)

The U.S. Securities and Exchange Commission (SEC) can file a SEC Notice of Exempt Offering of Securities (Form D). This notice must be filed by companies and funds that happened to sell securities without registration. The Securities Act of 1933 enacted by the United States Congress allows them to do so.

The date of the first sale is the date that the investor is contractually obligated to invest money. Securities are proof of ownership or debt deeds that have a monetary value and can be sold. In the past, these securities used to be in paper format, however, now they are most likely stored digitally.

Examples of securities are stocks, options, and bonds. Usually selling these unregistered is considered a felony. There are times when people who work for a company may get stocks. However, these stocks need to be registered with SEC in order for them to be sold.

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