States Participating in EFD



State Blue Sky Filings Online for Reg D Rule 506(b) or 506(c) offeringEFD = “Electronic Filing Depository”Velocity Law, LLC - Nancy Fallon-HouleUpdated 2/22/16EFD is an online portal for Electronic SEC Form D filings with the states.Regulation D 506 Reg D 506 Blue Sky Filings on NASAA SiteInfo: / Issuers and Filers - Create and Issuer Account or Make an Issuer FilingCreate Issuer filing account: Info: FAQs: States Permitting Reg D 506 Filings on EFD All states except 9 states allow electronic filings as of 2/22/16: AZ, CT, FL, LA, MA, MI, NY, NC, ORElectronic filings REQUIRED in 4 states as of 2/22/16: CO, MT, NJ, NMThese lists change frequently.Search An Issuer’s Status: Need the issuer name or the SEC Form D Accession Number.State Regulators:Create a Regulator Account to Allow Filers to File Online in Your State) Contact Info:NASAA EFD Support601-453-1979support@Support Hours8/9 am EST – 5/6 pm ESTStates in EFD as of 2/22/16:States in EFDStates Participating in EFDThe following table lists the states and U.S. territories that participate in EFD and indicates if filing through EFD is required.Required: The state or jurisdiction requires this form to be submitted electronically using EFD (this system). Available: This state accepts both Electronic and Paper Filings. Once you submit offerings Electronically, it is HIGHLY recommended that you continue to manage your filing notices for this offering using the EFD system. Not Available: The state or jurisdiction does not allow filers to submit this information via EFD. StateForm DFuture UseFuture UseAlabamaAvailableComing SoonComing SoonAlaskaAvailableComing SoonComing SoonArizonaNot AvailableComing SoonComing SoonArkansasAvailableComing SoonComing SoonCaliforniaAvailableComing SoonComing SoonColoradoRequiredComing SoonComing SoonConnecticutNot AvailableComing SoonComing SoonDelawareAvailableComing SoonComing SoonDistrict of ColumbiaAvailableComing SoonComing SoonFloridaNot AvailableComing SoonComing SoonGeorgiaAvailableComing SoonComing SoonHawaiiAvailableComing SoonComing SoonIdahoAvailableComing SoonComing SoonIllinoisAvailableComing SoonComing SoonIndianaAvailableComing SoonComing SoonIowaAvailableComing SoonComing SoonKansasAvailableComing SoonComing SoonKentuckyAvailableComing SoonComing SoonLouisianaNot AvailableComing SoonComing SoonMaineAvailableComing SoonComing SoonMarylandAvailableComing SoonComing SoonMassachusettsNot AvailableComing SoonComing SoonMichiganNot AvailableComing SoonComing SoonMinnesotaAvailableComing SoonComing SoonMississippiAvailableComing SoonComing SoonMissouriAvailableComing SoonComing SoonMontanaRequiredComing SoonComing SoonNebraskaAvailableComing SoonComing SoonNevadaAvailableComing SoonComing SoonNew HampshireAvailableComing SoonComing SoonNew JerseyRequiredComing SoonComing SoonNew MexicoRequiredComing SoonComing SoonNew YorkNot AvailableComing SoonComing SoonNorth CarolinaNot AvailableComing SoonComing SoonNorth DakotaAvailableComing SoonComing SoonOhioAvailableComing SoonComing SoonOklahomaAvailableComing SoonComing SoonOregonNot AvailableComing SoonComing SoonPennsylvaniaAvailableComing SoonComing SoonPuerto RicoAvailableComing SoonComing SoonRhode IslandAvailableComing SoonComing SoonSouth CarolinaAvailableComing SoonComing SoonSouth DakotaAvailableComing SoonComing SoonTennesseeAvailableComing SoonComing SoonTexasAvailableComing SoonComing SoonU.S. Virgin IslandsAvailableComing SoonComing SoonUtahAvailableComing SoonComing SoonVermontAvailableComing SoonComing SoonVirginiaAvailableComing SoonComing SoonWashingtonAvailableComing SoonComing SoonWest VirginiaAvailableComing SoonComing SoonWisconsinAvailableComing SoonComing SoonWyomingAvailableComing SoonComing SoonFAQ GeneralAnswers to general questions about EFD. QuestionWill the system accept other documents besides the Form D? Does EFD have a disaster recovery system in place? How do I access the EFD system? Is a filing a state record? Who do I contact if I have any questions about EFD functionality?When can I access the EFD system?Who do I contact if I have any questions about EFDWill I pay a fee for using EFD?When will a filing that is made in EDGAR be available in EFD?What is EFD?Will EFD retain any filer bank account information?What is a “Cancelable Payment?” When can a filer cancel a payment? How does EFD treat a cancelled payment?Does EFD accept Forms D that list multiple issuers?_________________________________________________Does EFD accept Forms D that list multiple issuers?Yes, issuers can file multi-issuer Forms D in EFD.? However, please note that while the SEC allows the filing of a single Form D with multiple issuers, some states have specific requirements for an offering with multiple issuers and may require the filing of additional Forms D and/or payment of additional filing fees.The following states may require additional forms and fees:?AlabamaGeorgiaIdahoIllinoisKansasKentuckyMinnesotaMississippiNevadaNew HampshireNorth DakotaPuerto RicoSouth DakotaTennesseeTexasU.S. Virgin IslandsUtahVirginiaWyomingWashington, DCConsistent with this guidance, you may wish to contact the regulator in any state in which you intend to make a multi-issuer filing, or contact a blue sky securities lawyer to handle the filings for you. About EFDElectronic Filing DepositoryWelcome to EFD, a web based solution that provides States, US. Territories and Jurisdictions the capability to collect securities and related filing notices, fees and forms.The Electronic Filing Depository, or EFD, is a website developed by the North American Securities Administrators Association, Inc. (“NASAA”). For more information on NASAA, please visit our website at . EFD is an internet accessible database that allows issuers to submit Form D for Regulation D, Rule 506 offerings and pay related fees to state securities regulators. EFD also provides a public-facing website allowing members of the public to search and view, free of charge, Form D filings made with state securities regulators.Rule 506 of Regulation D is a "safe harbor" for the private offering exemption of Section 4(a)(2) of the Securities Act. Issuers relying on the Rule 506 exemption do not have to register their offering of securities with the SEC or state securities regulators, but they must file what is known as a "Form D" with the SEC and state securities regulators after they first sell their securities. The Form D contains limited information about the securities being offered and the issuer offering those securities. Items 1 through 5 of the form include basic information about the issuer. Items 6 through 16 include limited information about the securities being offered, including the duration of the offering and the type of security being offered. To learn more about Regulation D and Rule 506 please visit the SEC’s website: . It is important to note that just because a company has filed their Form D with the SEC and with the state securities regulator does not mean that the SEC or any state securities regulator has approved the securities or passed any judgment on the soundness of the securities as an investment. If you have questions about a particular offering, you should contact the securities regulator in your state. Contact information is available here: . ................
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