Friday, December 03, 2010

New Mexico Eliminates Form U-2 Requirement From Rule 506 Filings

A Form U-2 is no longer required for a Rule 506 notice filing in New Mexico, effective December 1, 2010. Issuers file Form D and a $350 fee no later than 15 days after the first federal covered security sale in the State. Note, however, that late fees continue to apply.