Registration statement

The information a company needs to file with the SEC in order to be able to sell securities. The registration statement is available to the public on the SEC's website shortly after the company files it with the SEC. Crowdfunding securities are subject to an exemption from registration, as the requirements of registration are frequently too burdensome for a company in its infancy. Crowdfunding investments are subject to their own, more limited, disclosure requirements. If a company registers with the SEC, the registration form should include the essential facts to present an accurate picture of the company and its securities. This includes a description of the company's business, description of the security to be offered for sale (e.g. stock, bond, terms, etc.), details of the management of the company, financial statements certified by independent accountants, and ongoing disclosure. The SEC reviews the disclosure for compliance with the requirement of accuracy and truthfulness, but does not evaluate whether the investment is good or not.