Securities issues that involve less than $1.5 million are not required to file a registration statement with the S.E.C. . Instead, they are governed by Regulation A , for which only a brief offering statement is needed.
SMALL ISSUES EXEMPTION
Meaning of SMALL ISSUES EXEMPTION in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012