Reg D Rule 505

Rule 505 of Regulation D – (Repealed)

Important Notice:

Rule 505 was repealed by the SEC as of May 22, 2017, and is no longer available for new offerings.

Why Was Rule 505 Repealed?

Rule 505 permitted offerings up to $5 million with limited non-accredited investors. The SEC removed this rule to simplify Regulation D and consolidate exemptions under Rules 504 and 506.

Alternatives to Rule 505:

• Use Rule 504 for offerings up to $10 million

• Use Rule 506(b) or 506(c) for larger or more flexible offerings