In the Frequently Asked Questions (FAQs), the Securities Division is providing guidance on the securities registration exemption permitted under the North Carolina PACES Act.

These FAQs are not rules or regulations. These FAQs are also not legal or investment advice.

You should carefully read the statute and the associated rules before trying to claim the NC Paces Act exemption for your securities offering or investing in a security that claims to be exempt under the NC Paces Act. You should consult with an attorney who specializes in securities matters if you have questions about interpreting the statutes or rules or if you need legal advice regarding a securities offering.

The Securities Division may update these questions and answers periodically.