Regulation D Disclosure
How BondBricks offerings comply with SEC Regulation D, and what that means for you as an investor.
What is Regulation D?
Regulation D is a set of SEC rules (Rules 501–508) that provides exemptions from the registration requirements of the Securities Act of 1933 for certain private offerings. Most offerings on BondBricks are made under Rule 506(c), which permits general solicitation but limits investors to verified accredited investors, or Rule 506(b), which permits up to 35 non-accredited investors with a pre-existing relationship to the issuer.
Why this matters to you
- Under Rule 506(c), you must be a verified accredited investor as defined in SEC Rule 501(a). BondBricks verifies status through documentary review or a third-party verifier.
- Under Rule 506(b), the offering is limited in the number of non-accredited investors and may not be publicly solicited. An existing relationship between you and the issuer is required.
- Each offering also complies with applicable state "Blue Sky" notice-filing requirements in the states where it is offered.
What you should receive
For every offering you consider, BondBricks will surface:
- The property-specific Private Placement Memorandum (PPM)
- A subscription agreement for e-signature
- Risk disclosures
- Accredited-investor verification and/or pre-existing-relationship documentation as the offering requires
Disclaimer. This page is educational and does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering is made only pursuant to the offering-specific PPM and subscription agreement provided to eligible investors.
Securities sold in reliance on Regulation D are restricted and may not be resold without registration or an applicable exemption. Consult your attorney, tax advisor, or investment adviser before making any investment decision.