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.   back...