Rule 504 under Regulation D has a $2 million financing limit (i.e., applies to sales of securities not exceeding $2 million).

Name: Rule 504 under Regulation D has a $2 million financing limit (i.e., applies to sales of securities not exceeding $2 million).
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As of my last update, Rule 504 of Regulation D allows for offerings of up to $10 million in a 12-month period, not $2 million. This was increased from the previous limit.

Rule 504 Under Regulation D Has a $2 Million Financing