b'It is possible to tie the filing trigger date to some specific date, such as the date on which the property is acquired. To do so, it must be clearly stated in the offering documents that the offer is revocable by the investor any time prior to acquisition of the property. An issuer shouldnt fear that this means investors will pull out, as it rarely happens unless a hardship occurs, and then, the right thing to do is let them out.The issuer must understand the trigger for their specific offering, so they can ensure their Form D gets timely filed. What is the Purpose of the Form D Filing? The purpose of the Form D is to notify the SEC that securities are being soldtoU.S.investorsandgivingitinformationabouttheofferingand jurisdiction over the issuer in the event the agency wishes to conduct an audit or receive a complaint regarding potential securities violations. If the Form D isnt filed within the specified time, the issuer exemption may not apply to the offering. Further, the issuer may be found to have engaged in the unlicensed sale of securities and/or selling unregistered securities. Either case could subject the issuer to criminal or civil prosecution, fines, or a forced rescission, in which the issuer must refund everyones money within a specified time frame. Who Does the FilingYou or Your Attorney? If you hire an attorney to draft your syndication offering documents, the attorney will likely do this filing for you. However, there are many non-attorneys who draft their own securities documents and fail to comply with 84'