In a private placement under Regulation D, what is one requirement the state administrator would most likely ask for?

In a private placement under Regulation D, the requirement that the state administrator would most likely ask for is the submission of Form D. This form is critical as it provides the necessary information about the offering and is required to be filed with the SEC and, in many cases, with state regulators. Form D includes details like the issuer’s name, the total amount of securities sold, and the exemption being claimed under Regulation D. Filing this form helps ensure compliance with both federal and state securities laws, thereby facilitating the private placement process.

The other options may provide useful information for potential investors or for internal compliance purposes but are not mandatory submissions to state administrators in this context. For instance, while financial statements might be requested by some investors or may be necessary for certain offerings, they are not a standard requirement for all private placements. A detailed business plan and tax returns can provide insight into the company and the financial background of investors, but they typically do not need to be submitted to state administrators as part of the Regulation D process.