April 21, 2025
Broker-Dealers: What Reg A Issuers Should Know
Regulation A, Tier 2 offerings provide a means for issuers to raise up to $75 million in capital annually without the regulatory hurdles of a full registration process with the SEC. Issuers can sell their own securities in most U.S. states, but New Jersey, Washington and Texas require issuers to register as dealers if they do not engage a broker-dealer to facilitate Regulation A, Tier 2 offerings.