# 17 CFR § 227.206: Solicitations of interest and other communications

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-17-227.206

## Section

- **Citation:** 17 CFR § 227.206
- **Heading:** Solicitations of interest and other communications
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 17—Commodity and Securities Exchanges > CHAPTER II—SECURITIES AND EXCHANGE COMMISSION > PART 227—REGULATION CROWDFUNDING, GENERAL RULES AND REGULATIONS > Subpart B—Requirements for Issuers

## Text

(a) Solicitation of interest. At any time before the filing of an offering statement, an issuer may communicate orally or in writing to determine whether there is any interest in a contemplated securities offering. Such communications are deemed to be an offer of a security for sale for purposes of the antifraud provisions of the Federal securities laws. No solicitation or acceptance of money or other consideration, nor of any commitment, binding or otherwise, from any person is permitted until the offering statement is filed.
(b) Conditions. The communications must:
(1) State that no money or other consideration is being solicited, and if sent in response, will not be accepted;
(2) State that no offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is filed and only through an intermediary's platform; and
(3) State that a person's indication of interest involves no obligation or commitment of any kind.
(c) Indications of interest. Any written communication under this section may include a means by which a person may indicate to the issuer that such person is interested in a potential offering. This issuer may require the name, address, telephone number, and/or email address in any response form included pursuant to this paragraph (c).
[86 FR 3592, Jan. 14, 2021]

## Nearby sections

- [17 CFR § 227.100 § 227.100 Crowdfunding exemption and requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.100.md)
- [17 CFR § 227.201 § 227.201 Disclosure requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.201.md)
- [17 CFR § 227.202 § 227.202 Ongoing reporting requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.202.md)
- [17 CFR § 227.203 § 227.203 Filing requirements and form.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.203.md)
- [17 CFR § 227.204 § 227.204 Advertising.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.204.md)
- [17 CFR § 227.205 § 227.205 Promoter compensation.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.205.md)
- [17 CFR § 227.206 § 227.206 Solicitations of interest and other communications.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.206.md)
- [17 CFR § 227.300 § 227.300 Intermediaries.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.300.md)
- [17 CFR § 227.301 § 227.301 Measures to reduce risk of fraud.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.301.md)
- [17 CFR § 227.302 § 227.302 Account opening.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.302.md)
- [17 CFR § 227.303 § 227.303 Requirements with respect to transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.303.md)
- [17 CFR § 227.304 § 227.304 Completion of offerings, cancellations and reconfirmations.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.304.md)
- [17 CFR § 227.305 § 227.305 Payments to third parties.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.305.md)
- [17 CFR § 227.400 § 227.400 Registration of funding portals.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.400.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-17-227.206. Check the current official text before relying on it. Not legal advice.