US · complianceSources checked
Does a startup have to notify the SEC when it raises money?
Often, yes. The SEC states that federal securities laws require a Form D notice from companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D, or section 4(a)(5) of the Act. The notice must be filed within 15 days after the first sale, and there is no filing fee.
Sources
- Filing a Form D Noticesec.gov (U.S. Securities and Exchange Commission) · checked 17 August 2026 · Page dated 13 June 2024, last reviewed or updated 17 March 2026.
Related questions
- When does the 15 day clock start?
- The SEC states the date of first sale is the date on which the first investor is irrevocably contractually committed to invest.
- How is Form D filed?
- The SEC states Form D notices and amendments must be filed online using its EDGAR system, and that new filers need to request EDGAR access first.
What this answer does not cover
- Whether a particular raise is being made under Regulation D is a question about that specific offering, which this page does not answer.
- State notice requirements may also apply to an exempt offering and are not covered here.
