Resale Restrictions

Typically, securities purchased through Reg A/D/CF are subject to at least one-year holding period, meaning investors cannot sell their securities for at least 12 months. This illiquidity can deter potential investors, making it harder for issuers to attract capital.

Issuers must ensure that investors understand these limitations and may need to monitor secondary market transactions to ensure compliance with these restrictions.

Regulations	FINRA Requirements for Broker-Dealers educational support dealing with litigation risks investor relations and transparency Investor funds protection Managing Escrow Logistics Managing Investor Relations Non-accredited Investor Reg A+Resale Restrictions Reg A Reg CF Reg D
Reg A	advertising and solicitation rules currency conversion and international payments filing and disclosure automation form 1-A global investor participation investment limits for non-accredited investors investor tracking and notifications market demand and pricing ongoing reporting real-time transaction processing regular audits and compliance regulatory reporting system uptime
Reg CF	Campaigns conducation Disclosure of Risks Form C-AR Form C Investment Caps Liquidity for Investors Marketing and Advertising Restrictions Tax Reporting Verification of Eligibility Financial Statements Audit
Reg D	Blue Sky Laws Form d Ongoing Reporting Obligations Proper Risk Disclosure Protecting Non-Accredited Investors Reg D 504 Reg D 506 b Reg D 506(c)

Resale Restrictions

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