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NEW YORK – New York Attorney General Letitia James today announced additional guidance further elaborating on recent rule amendments prepared by the Investor Protection Bureau (IPB) and adopted in 2020.
<p><span>New York Attorney General Letitia James today announced additional guidance further elaborating on recent rule amendments prepared by the Investor Protection Bureau (IPB) and adopted in 2020. Through these new rules, the Office of the Attorney General (OAG) has increased transparency for the public into the investment adviser representatives and securities issuers operating in New York state. </span></p>
Eliminates Certain Form 99 Filings with the Investor Protection Bureau of the Department of Law Background Regulation D under the U.S. Securities Act of 1933, as amended (the "1933 Act"), permits the sale of securities by issuers of those securities without registration under the 1933 Act. 1 An issuer claiming an exemption under Regulation D must electronically file Form D with the U.S. Securities and Exchange Commission (the SEC), thereby notifying the SEC of the Regulation D offering, no later than 15 calendar days after the first sale of securities in the offering. 2 Under Section 18 of t...