Anonymous asked Legal & Compliance, LLC , 9/10/2018 ( 1 comment )

Are Reg A+ offerings exempt from individual state “blue sky” laws?

Legal & Compliance, LLC replied:

Federal law pre-empts state blue sky law for Tier 2 Regulation A+ offerings.   However, even when the state's are prohibited from requiring registration processes, they can require a notice filing and the payment of a fee.  Each state does require such notice filing and payment of a fee, which varies, for Tier 2 offerings.  Full compliance with state blue sky laws is required for Tier 1 Regulation A offerings.