SEC Issues Investor Bulletin on Private Placements under Regulation D

The SEC Office of Investor Education and Advocacy issued an Investor Bulletin to educate investors about investing in unregistered securities offerings, or private placements, under Regulation D ("Rules Governing the Limited Offer and Sale of Securities without Registration under the Securities Act of 1933").

According to the Investor Bulletin, individual investors may be offered opportunities to invest in an unregistered offering involving securities such as common or preferred stock, limited partnerships interests, a membership interest in a limited liability company, or an investment product such as a note or a bond. The Investor Bulletin urges investors to keep in mind that private placements can be risky and may be "difficult, if not virtually impossible to sell."

See: SEC Investor Bulletin.