A+ Regulation Offering: Truth or Tall Tale?

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Crowdfunding continues to disrupt the financial landscape, offering new paths for companies to raise capital. Within this realm, Regulation A+ offerings have emerged as a potential method, allowing businesses to attract funds from a wider pool of investors. However, the hype surrounding Regulation A+ has sparked debate about its success.

Is it truly a game-changer for startups and growing companies or merely a fleeting trend? This article delves into the details of Regulation A+ offerings, exploring both the perks and challenges. We'll examine real-world examples, opinions from industry experts, and regulatory guidance to provide a balanced assessment of this intriguing financing mechanism.

Furthermore, we'll discuss the evolving regulatory environment and its impact on Regulation A+ offerings.
Ultimately, investors seeking to participate in this crowdfunding trend should consider the potential risks and rewards carefully.

Understanding Regulation A+ in the realm of Startups

Regulation A+, a relatively novel fundraising mechanism, presents a exceptional opportunity to startups seeking to attract capital. This tier of SEC regulation permits enterprises to publicly offer their securities to the vast public, thereby increasing their potential investor base.

Startups considering Regulation A+ should meticulously assess its relevance to their specific circumstances.

Key factors to ponder include the complexity of the regulatory process, adherence requirements, and the anticipated costs connected with this fundraising route.
Furthermore, startups should craft a thorough investor relations strategy to effectively transmit information about their venture and the conditions of the offering.

Seeking expert counsel from legal professionals is indispensable to navigate the complexities of Regulation A+ and ensure a seamless fundraising campaign.

Uncover Title IV Reg A+ - Crowdfunder Blog

Dive deeply into the world of Title IV Regulation A+, a funding mechanism that empowers businesses to raise capital from the public through investor networks. Our latest infographic breaks down the intricacies of Reg A+, illustrating its key elements and potential advantages for both companies and investors.

Discover how Title IV Reg A+ differs from traditional funding methods.
Acquire insights into the approval process for public offerings.
Delve the diverse range of industries utilizing Reg A+ financing.

Visit our blog to access the infographic and stay informed about the latest trends in Title IV Regulation A+.

Fundraising Framework - Securex Filings LLC

Securex Filings LLC assists/supports/guides companies/businesses/enterprises in navigating the complexities of the/a/its Regulation A+ process/framework/system. This tier/stage/level of securities registration/filing/offering allows publicly traded/non-traded/privately held companies to raise capital/funds/equity from a wider pool/range/spectrum of investors/individuals/participants while providing greater/increased/enhanced transparency/disclosure/accessibility. Securex Filings LLC's team/experts/specialists possess/have/demonstrate in-depth knowledge/understanding/expertise of the Regulation A+ regulations/requirements/guidelines, ensuring a streamlined/efficient/comprehensive filing/submission/process.

For All: Crowdfunding

The world of finance is undergoing a revolution, fueled by the power of collective action. Previously limited, access to funding is now within reach of ordinary people thanks to emerging crowdfunding platforms. These platforms facilitate individuals and startups to gather capital directly from the community.

Forget about when financial support was solely determined by conventional institutions. Crowdfunding has democratized the funding landscape, allowing anyone with a inspiring idea to secure the resources they need to make their dream a reality.

From personal endeavors to scientific research, crowdfunding has become a powerful tool for driving change. Backers can now directly contribute to initiatives that matter and play an active role in shaping the future.

StreetShares

StreetShares is an revolutionary online platform that links small businesses with individual investors. It provides entrepreneurs with funding through financing, empowering them to expand. By disrupting the lending landscape, StreetShares encourages small businesses to reach their full potential in their communities.

StreetShares offers a variety of loan products tailored to the requirements of small businesses.
Their online tools is known for its user-friendliness, making it accessible for businesses of all sizes
StreetShares has supported thousands of small businesses to achieve their goals since its inception.

Unlocking Regulation A+ for Thriving Fundraising

Regulation A+ has emerged as a powerful tool for companies seeking to raise resources in the public markets. This groundbreaking regulatory framework allows businesses to secure investment from a extensive range of supporters. By harnessing the adaptability of Regulation A+, companies can maximize their fundraising strategies, eventually fueling their expansion.

To effectively utilize Regulation A+ for fundraising, businesses should thoroughly structure a robust offering pitch. This document should clearly articulate the company's mission, market potential, and investment estimates.

Additionally, companies must build a solid network with experienced legal advisors who are familiar in the intricacies of Regulation A+.

EquityNet

SEC EquityNet is a/serves as/functions as an online platform that empowers/facilitates/enables access to private market investments. It offers/provides/presents a comprehensive database/repository/catalog of investment opportunities from various/numerous/diverse companies. Registered investors can browse/explore/review these offerings, conduct due diligence, and potentially/may/could participate in rounds/deals/transactions. EquityNet plays a/serves as/acts as a vital/crucial/essential resource for both individual investors and businesses/companies/entrepreneurs seeking capital.

Regulation A+

Regulation A+, often known as Regulation A Plus, is a rule within the U.S. securities regulations that allows private companies to raise capital via public contributions. A company conducting a A+ Offering can attain up to $50 million in funds. These offerings are governed by the Securities and Exchange Commission (SEC) {and grant companies with a streamlined path for public fundraising compared to traditional initial public offerings (IPOs).{

Important aspects of Regulation A+ include:
Offering amounts are relatively low compared to IPOs.{
Simplified registration procedures .{
Potential investors are primarily accredited investors .

Navigating Regulation A+ Crowdfunding

Regulation A+ crowdfunding presents a unique opportunity for companies to attract investments. This investment pathway allows non-traded companies to sell securities to a wide range of. However, it's essential for entities to understand the stringent regulations dictating this investment method.

Potential benefits of Regulation A+ crowdfunding include greater investment potential for small businesses.
Conversely, risks associated with this funding method may include regulatory compliance complexities.

Ultimately, navigating Regulation A+ crowdfunding requires a thorough understanding of the framework. Consulting with securities law and financial professionals is strongly advised to ensure compliance this complex regulatory environment.

Offering Requirements for Regulation

Successful launching a financial product involves meeting stringent governing requirements. These requirements often encompass various aspects, such as conformance with legislation, licensing protocols, and transparency standards. Government agencies typically establish these requirements to protect investors and promote a stable financial market. Understanding these regulatory expectations is essential for organizations to operate responsibly in the financial marketplace.

Legislation + Investopedia

Investopedia serves as a comprehensive hub for understanding financial concepts, and regulation plays a pivotal role in this landscape. Whether you're exploring the intricacies of financial instruments, delving into the details of compliance , or simply seeking to grasp the impact of industry standards on the financial world, Investopedia offers a wealth of content . Its articles, tutorials, and glossary provide clarity on the evolving regulatory environment, empowering individuals to make savvy decisions in the realm of finance.

Our Initial Public Offering (IPO) First JOBS Act Company Launches On The OTCQX Exchange Through Reg A+

After months of intensive/dedicated/arduous work and preparation, we are thrilled to announce that our/my/the mini-IPO, powered by the JOBS Act and conducted through a Reg A+ offering, has successfully taken place. Our company/My company/The company, now publicly traded on the OTCQX market, is poised for exponential/rapid/sustained growth as we embark on this exciting new chapter.

This milestone marks a significant/pivotal/monumental achievement for our team and validates/demonstrates/confirms the strong belief in our vision and products/services/platform. We are incredibly grateful for the support of our investors, advisors, and employees who have been instrumental in making this dream a reality.

Looking ahead/Moving forward/As we progress, we are focused on expanding/scaling/growing our operations, leveraging/utilizing/harnessing the OTCQX platform to its fullest potential, and delivering exceptional value to our stakeholders/our investors/the market.

We encourage you to follow our journey/Stay tuned for updates/Keep an eye on our progress as we navigate this new terrain.
Together, we will achieve great things/This is just the beginning of our success story/The future is bright for our company/my company/the company.

Empower Reg A+ Campaigns on the Platform

FundersClub is thrilled to announce it's now supporting Reg A+ offerings on its platform. This exciting development offers a new avenue for companies to secure capital from the wider market. Reg A+ rules present a streamlined and affordable route for companies to raise capital from various investors, including both accredited and non-accredited investors. This expansion enriches FundersClub's commitment to democratizing access to capital for growth-stage companies.

Securities Regulation

Regulation A+, often referred to as Reg A+, presents a pathway for businesses to secure capital through the public market. Compared to traditional initial public offerings (IPOs), Reg A+ is designed to be more accessible for emerging businesses. Through this process, companies can offer their securities directly to the general market.

Crowdfunding platforms have emerged as a significant avenue for Reg A+ offerings. These platforms bridge companies with potential backers, often utilizing an online system.

Several popular crowdfunding platforms that support Reg A+ offerings encompass

Reg A+

A Regulation A+/ is a type of securities offering/registration/transaction that allows companies to raise capital from the public/general investing population/marketplace without having to undergo the complexities/rigors/challenges of a traditional IPO/Initial Public Offering/stock market launch. Companies choose this avenue/path/route because it offers a more streamlined/efficient/affordable process and can be particularly beneficial for startups/small businesses/emerging companies looking to secure funding for growth or expansion.

Key benefits of Regulation A+ offerings include:

Increased access to capital for companies:

Reduced regulatory burdens compared to traditional IPOs:

Opportunity to build a wider shareholder base through public exposure/marketing/awareness:

Reg A+ Offering Rules for Capital Raising

When it comes to exempt offerings and fundraising, understanding the nuances of Regulation A+ is paramount. Government agencies have established comprehensive rules and requirements designed to ensure fairness for both businesses seeking capital and participants . A+ Regulation offers a path for ventures to raise considerable amounts of capital from the investing community , subject to specific mandates. Navigating these regulations can be challenging , making it crucial for prospective issuers to seek expert counsel .

Key elements of Regulation A+ comprise transparency measures aimed at providing backers with a thorough understanding of the offering.
Background checks play a vital role in ensuring the validity of offerings under Regulation A+.
Regular updates is required to maintain market transparency .

ShareSlide

SlideShare serves as a platform for sharing professional and educational content. Users can submit Presentations on a variety of themes, including {marketing to technology{ to personal development. SlideShare has gained popularity among professionals, educators, and learners to disseminate knowledge.

Explore a wealth of slides on almost any topic imaginable.
Constructing your own SlideShare is relatively simple.
{The platform allows for|You are able to embed videos to enhance the viewer experience.

Provisions A Securities Act of 1933 Jobs Act Section 106 Reg A Tier 2 Offering

The Capital Markets Reform Act of 2010, also commonly known as the Jobs Act, introduced significant changes to the Securities Act of 1933. One key modification was Provisions A Tier 2, a streamlined mechanism for companies to raise capital through equity sales . Reg A Tier 2 allows businesses to offer securities to the public without the extensive registration requirements of a traditional IPO. This option can be particularly advantageous for small and medium-sized enterprises (SMEs) seeking funding .

Usually, , Reg A Tier 2 offerings are limited to procuring a maximum of fifteen million dollars per year.
Businesses utilizing Reg A Tier 2 must still adhere with certain reporting requirements, but the responsibility is significantly less than a traditional IPO.

Controlled by the Securities and Exchange Commission (SEC), Reg A Tier 2 provides a valuable resource for companies to access public capital markets in a more efficient manner. However, , it is essential for companies exploring this approach to carefully consult with legal and financial advisors to ensure full compliance with all applicable regulations.

Controlling Text

When managing text, regulation is essential. This helps ensure accuracy and avoid problems. {Regulations can address various aspects of text, such as structure. They might specify formatting requirements. By implementing these regulations, we can improve the overall impact of written communication.

Legislation A+ Offering Guidelines A Plus

When considering a Opportunity with a Regulation A+ offering, it's crucial to thoroughly Examine the Terms. These offerings provide Investors the chance to invest in Growing companies while benefiting from Targeted Standards. Regulation A+ presents a Efficient pathway for companies seeking Funding, allowing them to Secure capital from a broader range of Sources.

Understand the Structure of Regulation A+ offerings.
Assess the risks and Potential involved.
Consult with a qualified Financial professional.

Regulation A vs. Rule D FRB

When navigating the world of securities offerings and bank regulations, understanding the distinctions between Regulation A and Regulation D issued by the Federal Reserve Board (FRB) is crucial. Regulation A, often known as, a "mini-IPO," provides an exemption from certain registration requirements for offerings of up to a defined sum. In contrast, Regulation D governs private placements and offers exemptions to securities sales to accredited investors.

Choosing between these two regulations hinges on several factors, including the size of the offering, the intended audience, and the issuer's funding requirements. Carefully analyzing these elements is essential to select the suitable regulatory pathway for a successful securities transaction.

Regulating a DPO Internally

The task of regulating a Data Protection Officer (DPO) can be complex, involving a variety of processes.

This typically involves establishing clear policies for their function, guaranteeing they have the required resources and power to effectively perform their responsibilities.

Additionally, regular performance evaluations are often utilized to observe their compliance with data protection laws and the organization's own policies.

Regulates Crowdfunding With New “Reg A+” Rules for Crowdfunding

In a landmark/major/significant move to empower/stimulate/foster the crowdfunding industry, the Securities and Exchange Commission (SEC) has approved/finalized/ratified new rules for Regulation A+. This revamped/updated/enhanced regulation, known as “Reg A+”, aims to streamline/simplify/expedite the process for companies/businesses/enterprises to raise capital/funds/investment from the public.

Under the new rules, small/start-up/emerging businesses will have a greater/wider/more extensive opportunity to access/attract/secure funding through crowdfunding platforms/websites/sites. The SEC believes that these changes will boost/increase/accelerate economic growth and provide/offer/deliver more investment opportunities/choices/possibilities for individual investors.

The new rules include/New regulations encompass/Key provisions of the revised regulation/These amendments establish several key/important/essential changes, including/such as/among which:

* Increased/Higher/Elevated funding limits/thresholds/caps.

* Streamlined/Simplified/Expedited filing and reporting requirements.

* Enhanced/Improved/Strengthened investor protections.

The SEC’s decision to update/reform/restructure Reg A+ is expected to have a profound/substantial/significant impact on the crowdfunding landscape, making it more accessible/opening doors wider/creating new avenues for both businesses and investors.

Regulation D vs. Comparisons Between Reg A and Reg D

When exploring the world of fundraising , you'll come across two key frameworks: Regulation A+ and Regulation D. While both permit companies to raise capital from the public, they contrast significantly in their application. Regulation A+, often referred to as a "mini-IPO," permits companies to raise larger sums by selling securities to the general public through a streamlined process. In contrast , Regulation D is geared towards private placements and restricts investors to a more limited pool .

Moreover, Reg A+ requires greater transparency with the public, while Reg D offers more flexibility in this regard.
Consequently , choosing between these two regulations relies upon factors like the company's funding needs , target investor base , and risk tolerance

Section 506

Regulation D encompasses a set of rules dictating the private placement of securities. Within Regulation D, Rule 506 outlines specific requirements regarding exempt offerings. There areIt is divided intoSeveral variations exist within distinct classifications under Rule 506: Rule 506(b) and Rule 506(c).

Rule 506(b) permits issuers to sell securities withoutpublic registration to an unlimited number of accredited investors and a limited number of non-accredited investors.
Rule 506(c) allows for offerings solely to accredited investors, with no restrictions on the number of participants.

Furthermore, there is Rule 506D, which provides a model regulating equity crowdfunding offerings. These rules are designed to protect investors while issuers.

The Regulation D Cheat Sheet

When navigating the complexities of Regulation D, understanding the distinctions between Rule 506(b) and Rule 506(c) is vital. These rules govern private placements under Section 4(2) of the Securities Act of 1933. Rule 506(b) permits offerings to an unlimited number of accredited investors and up to thirty-five non-accredited investors, while Rule 506(c) allows for unrestricted |general solicitation and advertising but mandates that all investors be certified. A key distinction is the requirement for due diligence by companies offering securities under these rules.

The Series 7 exam oftentests these concepts, so familiarity with both Rule 506(b) and Rule 506(c) is necessary. Understanding the nuances of each rule can help you assess the appropriate structure for a private placement and navigate the regulatory landscape effectively.

Bear in mind: Rule 506(b) offers more flexibility with non-accredited investors, while Rule 506(c) relies on investor accreditation.
Consider the specific needs of your offering and the level of thorough investigation required under each rule.

Delve into DreamFunded Resources on Regulation A+

Navigating the complexities of Regulation A+ can be a daunting process for investors and companies alike. Fortunately, DreamFunded offers a wealth of invaluable resources to help you grasp this innovative financing mechanism. Their resource center is a treasure trove of data on everything from compliance requirements to investment strategies. Whether you're an experienced investor or just starting your journey into Regulation A+, DreamFunded's resources can help you make strategic choices.

Harness their in-depth tutorials to become proficient the intricacies of Regulation A+
Connect with a network of backers and companies
Utilize special insights from industry professionals

Over-the-Counter (OTC) Markets

The OTC market provides a platform for the exchange of securities that are not listed on major stock platforms. These markets operate outside the regulated structure of traditional exchanges, often providing investors with access to undervalued companies and unconventional investment possibilities. Transactions on OTC Markets can be more speculative than those on traditional exchanges, as rules are generally less stringent.

Participants in the OTC market should carefully investigate companies and understand the inherent risks.

An Intersection Point

A tripoint is a geographic juncture where three regions converge. This can describe the meeting of three states, or it could be the convergence of three bodies of water.

The precise characterization of a tripoint can differ based on the context. For example, in cartography, a tripoint might be marked by an exact coordinate, while in geology, it could simply be the junction of three distinct zones.

Regardless of its manifestation, a tripoint signifies the meeting of different factors. It serves as a singular location on the map, highlighting the complex relationships that shape our world.

FINRA

FINRA is a/plays the role of/serves as the largest/leading/primary independent regulator/self-regulatory organization/oversight body for the U.S. securities industry. It oversees/regulates/administers a vast network of broker-dealers and financial advisors/investment professionals/trading firms, working to protect investors and ensure/maintain/promote market integrity. FINRA's comprehensive/expansive/wide-ranging regulatory framework encompasses a myriad/an array/numerous aspects of the securities industry, including brokerage activities, investment products, advertising practices/market surveillance, investor education, dispute resolution.

FINRA develops/implements/enforces industry rules and regulations to govern/that govern/governing member firms.
Through/By means of/Utilizing its extensive regulatory authority, FINRA strives to/seeks to/aims to prevent fraud/abuse/market manipulation.
FINRA also provides/offers/administers a range of investor services/tools/resources, including educational materials, complaint handling procedures, arbitration forums

A Jumpstart Our Business Startups Jobs Act in 2012

The Jumpstart Our Business Startups Jobs Act of 2012, also known as the JOBS Act, has been a {landmark|major|legislation passed by Congress to stimulate entrepreneurial activity through the United States. This targets to make it more manageable for small businesses to attain capital by easing regulations on securities offerings. That JOBS Act has several key provisions, including the option for companies to promote their offerings more widely, the introduction of crowdfunding as a means to raise capital, and {theloosening of restrictions on private company fundraising. Proponents of the JOBS Act argue that it will help small businesses to thrive, create jobs, and enhance economic activity. here Critics, however, express concerns that the Act could cause increased risk for investors and {potentiallyhamper responsible market behavior.

Titan Group

Tycon Group is a leading player in the manufacturing sector. Known for its cutting-edge solutions, Tycon frequently pushes the frontiers of what's possible. Their commitment to excellence is evident in every component of their business.

From humble origins, Tycon has evolved into a multinational giant. Their impact spans across numerous sectors, and their brand is synonymous with achievement.

SEC qualification

Securing approval from the Securities and Exchange Commission (SEC) is a crucial step for organizations seeking to issue securities. The SEC examines applications thoroughly to ensure adherence with federal financial regulations. Gaining SEC approval illustrates a company's legitimacy and offers access to public markets.

Organizations must present a comprehensive registration statement detailing their investment strategy.
A may request additional information during the scrutiny phase.
After registration, companies can issue securities.

Fundraise online

GoFundMe provides an avenue that enables fundraising campaigns for various purposes. Whether it's helping a friend in need, GoFundMe makes it easy to collect donations from the community. Start fundraising now and impact lives.

Kickstarter

Kickstarter is a website that lets people to back creative projects. It's a awesome way for artists to secure the capital they want to develop their ideas to life. Project owners can create project pitches and potential backers can contribute various amounts . In compensation, backers may obtain rewards such as early access to the product, exclusive content, or even a chance to contribute in its building. Kickstarter has evolved into a bustling hub for creativity and innovation, linking creators with audiences worldwide.

Kickstarter

Is a project needing some necessary funding? Consider creating a campaign on Indiegogo, a online contribution platform created to help individuals finance their visions. With Indiegogo, you can showcase your project with the world and gather supporters who believe your idea. From art, Indiegogo offers a diverse range of categories to suit various type of project.

Equity Investment

Equity investment entails holding shares of ownership in a company. This means you become a fractional owner and have the potential to gain from the company's growth. Entrepeneurs engage in equity investment through various platforms, such as stock exchanges or directly with companies. It is a risky investment strategy, but it also offers the potential for significant returns. Understanding the fundamentals of equity investing is crucial before making any actions.

EquityNet

EquityNet is a network that connects backers with companies. It provides a opportunity for both parties to connect and enable investment. Investors can search through a selection of proposals from businesses across various industries. Businesses can submit their ideas on EquityNet and attract funding to help them develop. The network also offers tools and help to both investors and businesses, making it a holistic approach for funding entrepreneurial ventures.

Embark into Novel Territory

Venturing into the realm of entrepreneurship is a exciting endeavor. It demands courage to navigate a path through obstacles. Successful ventures often emerge from a blend of passion and a willingness to adapt in the face of hurdles.

Cultivating strong foundations is paramount.
Discovering a niche in the market can be crucial.
Persistence often differentiates those who succeed from those who stumble.

GS

Goldman Inc. is a renowned financial institution headquartered in Manhattan. Known for its expertise in investment banking, Goldman Sachs has played a pivotal role in shaping the global markets for over a century. The firm is renowned for its talented employees who are dedicated to to deliver exceptional results for clients worldwide. With a long history of success and innovation, Goldman Sachs remains a key stakeholder in the global financial industry.

Merrill Lynch

Merrill Lynch is a/was a/has been globally recognized financial institution/investment bank/brokerage firm. Established in/Founded in/Originating from New York City in the year/during the year/around the year 1920, it quickly grew to become/maintained its position as/established itself as one of the largest/most prominent/leading firms in the industry. Known for/Renowned for/Famous for its expertise in/range of services/diverse portfolio, Merrill Lynch has consistently delivered/provided/offered a wide array of/comprehensive suite of/extensive selection of financial solutions to individuals, institutions and corporations worldwide/services to a diverse clientele.

Fuel Your Dream Project

A community campaign is a powerful way to bring the capital you need for your endeavor. By reaching out with a wider base, you can generate investment from individuals who believe in your vision.

Harness the strength of a collective effort to realize your goal
Open up access to capital and remove traditional barriers
Build a tribe of passionate believers who champion your vision

Public Funding Campaigns

The sphere of capital raising has been revolutionized by the emergence of investment networks. Among these, Reg A securities stand out as a avenue for companies to raise equity from the public. Guided by by the Financial Industry Regulatory Authority (FINRA), these guidelines provide a structure for companies to sell securities to a general public. Conversely, Reg D offerings offers a {private route for companies to attract investments from qualified buyers. A key separation lies in the magnitude of funds procured, with Reg A securities targeting a wider range of investors. Alternatively, Private Placement Memorandums often involves a limited number of accredited investors. To navigate this intricate system , companies may utilize the expertise of securities lawyers to ensure compliance with legal frameworks. The SEC filing process for companies seeking public funding through Reg A securities can be a detailed undertaking.

Fundraising

In today's dynamic business landscape, companies are constantly seeking innovative ways to attract investment. A plethora of options exist, ranging from traditional private equity firms to crowdfunding platforms and even debt financing.

Entrepreneurs|Startups|Tech Companies can leverage these various avenues to fuel their growth, expand operations, and bring innovative products to market.

Some notable players in the capital raising ecosystem include CircleUp, RocketHub, as well as platforms like MicroVentures.

Investors|Individual Investors|Accredited Investors play a crucial role in this process, providing the necessary capital to drive innovation and economic growth.

The JOBS Act has significantly impacted the investment landscape by providing greater transparency for both investors and businesses.

Online Business Funding|Crowdfunding Campaigns|Real Estate Investments have also witnessed a surge in popularity, allowing individuals to participate in investment opportunities previously reserved for institutional players.

Platforms like Kickstarter have democratized the funding process, empowering everyday investors to contribute to ventures they believe in.

Seed Stage companies often rely on venture capital to get off the ground, while later-stage businesses may turn to public offerings to raise substantial capital.

The future of investment is poised for continued innovation and evolution, with emerging trends like deFi finance shaping the landscape.

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A+ REGULATION OFFERING: TRUTH OR TALL TALE?

A+ Regulation Offering: Truth or Tall Tale?