For Immediate Release | 12-3-19
Media Contact | Nicole Capone
Direct | 602-542-0713
Email | email@example.com
Securities Electronic Filing System Launches
PHOENIX – The Arizona Corporation Commission announces the initial launch of its securities electronic filing system, allowing stakeholders to electronically file their Rule 506 offerings in Arizona. The electronic filing system rollout supports the Commission’s goals of reducing paper use and making it easier for stakeholders to conduct business with the Commission.
Rule 506 Form D filings can now be submitted online using the Commission’s electronic form at https://eservice.azcc.gov/securities/formdfiling. These filings allow a party to raise capital for a business provided certain requirements are met. For initial Form D filings, the filer will be prompted to pay the filing fee online by credit card or ACH payment. No additional filing fee, beyond that required by statute, is charged for utilizing the system. Additional securities filings are expected to be added to the system in the future.
“The new securities electronic filing system allows issuers to skip the old paper filing method to access Arizona’s capital markets quicker and provide qualified Arizona residents an opportunity to invest in such opportunities. It is part of the Commission’s continued effort to ease barriers to do business in Arizona," said Chairman Burns.
# # #
The Arizona Corporation Commission was established by the state’s constitution to regulate public utilities and business incorporation. The Corporation Commission is Arizona’s co-equal, fourth branch of government. The five Commissioners elected to the Corporation Commission oversee executive, legislative, and judicial proceedings on behalf of Arizonans when it comes to their water, electricity, telephone, and natural gas resources as well as the regulation of securities, pipeline, and railroad safety. To learn more about the Arizona Corporation Commission and its Commissioners, visit http://azcc.gov.