RIA Compliance Blog
Tennessee’s new “Invest Tennessee Exemption” to the state’s securities registration requirements went into effect on January 1, 2015. Like other securities exemption laws recently adopted by other states, Tennessee’s exemption allows for the intrastate offerings of certain securities that do not exceed $1 million. The law sets out the rules for issuers to use this exemption as an alternate way to raise capital.
Under the Invest Tennessee Exemption, securities offerings meeting the following requirements will be exempt from state registration: