6 Del. Admin. Code § 200-D-408

Current through Register Vol. 28, No. 5, November 1, 2024

Section 200-D-408 - Intrastate Crowdfunding

(a) Each issuer of securities relying on the intrastate crowdfunding exemption found in 6Del.C.§ 73-207 (b)(15) shall file a notice with the Investor Protection Unit pursuant to 6Del.C.§ 73-207 (b)(15)(h) on Form DCF. The notice must include all documentation required by Form DCF and shall be filed with the Investor Protection Unit no later than ten days prior to the first offer of securities in reliance on the exemption. Incomplete filings will be rejected. The filing fee required by Section 73-207(b)(15)(o) and Rule 404(e) shall be submitted with the filing.

(b) Each internet site operator participating in a securities offering pursuant to the intrastate crowdfunding exemption found in 6Del.C.§ 73-207 (b)(15) shall register with the Investor Protection Unit by filing Form DIO, unless exempted from registration by 6Del.C.§ 73-207 (b)(15)(k)(2). Registrations must be received and approved prior to the internet site operator participating in a securities offering. Incomplete registrations will be rejected.

20 DE Reg. 728 (3/1/2017) (Final)