To use Regulation D the SEC requires all small business owners, selling securities in a Regulation D Offering, to file a “FORM D.” To simplify the filing process the SEC requires that issuers file all forms using the EDGAR Filing System. As with most government systems Edgar can be quite complex, so we’ve provided the following:
Does the SEC charge a fee?
No, there is no fee. However, again, it is time consuming.
How long does it take?
It typically takes a few days, but sometimes it gets completed within a few hours. It depends on how busy they are at the SEC. Although the filing gets uploaded via the Internet, an account must be set up at the SEC before the Form D can be filed. The SEC approves each account by hand, which typically takes 1-2 business days. After the account is set up the Form D can be filed fairly quickly.