• Regulation D allows companies undertaking certain types of private placements to raise capital without having to register securities with the SEC.
  • SEC Reg D should not be confused with Regulation D of the Federal Reserve Board, which restricts withdrawals from savings accounts.
  • The company or entrepreneur must file a Form D disclosure document with the SEC after the sale of the first securities.
  • Those who sell securities under Regulation D must continue to comply with all applicable laws.