Home Page


Immigration Daily

Archives

Processing times

Immigration forms

Discussion board

Resources

Blogs

Twitter feed

Immigrant Nation

Attorney2Attorney

CLE Workshops

Immigration books

Advertise on ILW

VIP Network

EB-5

移民日报

About ILW.COM

Connect to us

Make us Homepage

Questions/Comments


SUBSCRIBE





The leading
immigration law
publisher - over
50000 pages of
free information!
Copyright
1995-
ILW.COM,
American
Immigration LLC.

  • Article: EB-5 Regional Centers: Electronic Filing of the Form D By Yi Song, Esq

    EB-5 Regional Centers: Electronic Filing of the Form D

    by


    The EB-5 Regional Centers and EB-5 Projects raise capital pursuant to registration exemptions under Rule 506 Regulation D under the Securities Act of 1933. The issuers that offer to sale securities through private offerings are required to file Form D to provide basic information about securities offerings.

    In July 2013, the Securities and Exchange Commission ("SEC") released the implementation rules after lifting the ban on general solicitation, the new rules impose stronger obligation on the issuers to file notices with the Commission in advance, to provide more detailed information about the issuer and the offering. The issuer is disqualified from using the Rule 506 exemption in any new offering if the issuer or its affiliates did not comply with the Form D filing requirements in a Rule 506 offering. The disqualification would continue for one year from the date the required Form D filings are made.

    Since March 16, 2009, the SEC has required the electronic filing of Form D through EDGAR. The Northern American Securities Administrators Association (NASAA) is developing an electronic filing system ("EFD") that will facilitate the electronic filing of Form D for Rule 506 offerings.

    The EFD system will initially be limited to Form D filings for Regulation D, Rule 506 offerings. In the near future, the EFD system will be expanded to include additional state securities registration and notice filing materials.

    The EFD, a system that will interface with the SEC's EDGAR system to, inter alia, receive Form D notice filings and collect fees on behalf of the states. The current scheduled deployment date for the EFD system is November 2014.

    For more information, please click here and visit Northern American Securities Administrators Association (NASAA) website:

    All rights reserved by Mona Shah & Associates


    About The Author

    Yi Song, Esq

    Yi Song, Esq. is an attorney at Mona Shah & Associates focusing on EB-5 and securities law. She is also admitted to practice law in New York and People's Republic of China. She has authored many published articles on EB-5 financing and securities law. She practiced tax law in China and has experience in class action securities litigation cases. Yi is a graduate from Georgetown University Law Center in Washington, DC.


    The opinions expressed in this article do not necessarily reflect the opinion of ILW.COM.

Put Free Immigration Law Headlines On Your Website

Immigration Daily: the news source for legal professionals. Free! Join 35000+ readers Enter your email address here: