{"as_of":"2026-09-11T21:19:17.335Z","count":10,"exemptions":[{"code":"06b","name":"Rule 506(b)","description":"Unlimited raise, no general solicitation; up to 35 non-accredited purchasers."},{"code":"06c","name":"Rule 506(c)","description":"Unlimited raise WITH general solicitation; all purchasers must be verified accredited."},{"code":"04","name":"Rule 504","description":"Up to $10M in 12 months; limited solicitation, state review still applies."},{"code":"05","name":"Rule 505","description":"Repealed 2017 (folded into 506(b)); appears only in historical filings."},{"code":"3C1","name":"Section 3(c)(1)","description":"Fund exclusion: 100 beneficial owners or fewer (250 for qualifying venture funds)."},{"code":"3C7","name":"Section 3(c)(7)","description":"Fund exclusion: all investors are qualified purchasers; no owner cap."},{"code":"3C5","name":"Section 3(c)(5)","description":"Fund exclusion for real-estate and receivables businesses."},{"code":"3C9","name":"Section 3(c)(9)","description":"Fund exclusion for certain fiduciary/collective trust arrangements."},{"code":"4a5","name":"Section 4(a)(5)","description":"Accredited-investor exemption; rarely used since Reg D."},{"code":"REGA","name":"Regulation A","description":"Tier 1/2 offerings on Form 1-A, not Form D; listed for disambiguation."}],"note":"Decodes the exemption claimed in a Form D filing; see /v1/sec/formd for filings.","disclaimer":"Derived from public SEC EDGAR filings; not investment advice."}