Actionable intelligence on Regulation D and the regulatory perimeter of private placements
Tennessee is the South’s second-most-active capital markets jurisdiction (after Georgia, covered in this publication’s prior issue), with Nashville’s music and healthcare sectors and Memphis’s logistics and manufacturing base producing substantial Reg D notice filing volume. The Securities Division within the Tennessee Department of Commerce and Insurance (“TDCI”) administers the Tennessee Securities Act of 1980 (T.C.A. §§ 48-1-101 et seq.). Assistant Commissioner Elizabeth Bowling leads the Division from offices at 500 James Robertson Parkway, 11th Floor, Nashville, TN 37243. The TDCI-housed model is structurally distinct from the Secretary-of-State-housed model documented in this publication’s Illinois, Nevada, Missouri, Wyoming, and Georgia editions, and from the Department-of-Banking model documented in the Texas and Pennsylvania editions; the Department-of-Commerce-and-Insurance model produces operational dynamics specific to Tennessee’s consolidated regulatory architecture.
