Under Regulation D, the issuer must file Form D no later than how many days after final sale?

• A. 10 days
• B. 15 days
• C. 30 days
• D. 60 days

Answer: (B)

Form D must be filed with the SEC within 15 days after the first sale of securities in the Regulation D exempt offering. This deadline provides timely notice to regulators about private placements and is the standard timing used regardless of how many closings occur, as long as the first sale has taken place. The filing is done electronically in EDGAR. If no sale has happened yet, there’s nothing to file; once the first sale occurs, the 15-day clock starts. Some states may have their own notice requirements, but the federal requirement is 15 days after the initial sale.