On June 18, 2019, the Securities and Exchange Commission (the “SEC”) published a Concept Release on Harmonization of Securities Offering Exemptions (the “Release”), seeking comments on simplifying the existing regulatory regime for exempt offerings . The SEC generally issues concept releases when it is seeking input on broad reforms to its rules. In this case, the Release contains 138 questions on which the SEC is seeking comments. Specifically, the SEC is seeking input on whether, in light of increased activity in exempt markets, the current exemptions to the registration requirements effectively provide issuers access to capital and investment opportunities while maintaining appropriate investor protections. The deadline for comments is September 24, 2019.