SEC Comment Letter 0000000000-23-006536 to RSE Collection, LLC (RSRUS) (CIK 0001688804)
RSE Collection, LLC (RSRUS) (CIK 0001688804)
Date: June 16, 2023 · CIK: 0001688804 · Accession: 0000000000-23-006536
AI Filing Summary & Sentiment
File numbers found in text: 024-11584
Letter
United States securities and exchange commission logo June 16, 2023 Christopher Bruno Chief Executive Officer RSE Collection, LLC 446 Broadway, 2nd Floor New York, NY 10013 Re:RSE Collection, LLC Post Qualification Amendment No. 29 to Form 1-A Filed May 16, 2023 File No. 024-11584 Dear Christopher Bruno: We have reviewed your amended offering statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your offering statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your offering statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our May 11, 2023 letter. Post Qualification Amendment No. 29 to Form 1-A filed May 16, 2023 There is currently no active trading market..., page 12 1.We note your revised disclosures in response to comments 1 and 2. Please augment your risk factor disclosures to make it clear that secondary trading may occur outside the PPEX ATS.
FirstName LastNameChristopher Bruno Comapany NameRSE Collection, LLC June 16, 2023 Page 2 FirstName LastName Christopher Bruno RSE Collection, LLC June 16, 2023 Page 2 Regulation of Exchanges, page 64 2.Please revise your disclosure in this section to explain how the platform facilitates secondary trading, and explain specifically what actions are included in such facilitation. Please clarify whether users may offer to buy and sell interests on the platform, or if this is done instead directly on PPEX. Please also clarify what it means that all trading activity is “directed by Investors in their sole discretion.” General 3.Please tell us how your YouTube and facebook videos comply with the conditions of Rule 255(b). 4.We note your response to comment 8 as well as the mark-up of proposed changes to your website. Please revise the description of secondary trading to name the person or entity that is responsible for each action you describe. For example, where you talk about matching and/or executing orders, please indicate precisely who takes these actions. Please also tell us who sets the market hours and who sets certain of the rules for trading, such as ASKs cannot be below 30% of an asset's last executed trade, or an investor may not simultaneously have open BIDs and ASKs. Please contact Scott Anderegg at 202-551-3342 or Erin Jaskot at 202-551-3442 with any questions. Sincerely, Division of Corporation Finance Office of Trade & Services
Show Raw Text
United States securities and exchange commission logo
June 16, 2023
Christopher Bruno
Chief Executive Officer
RSE Collection, LLC
446 Broadway, 2nd Floor
New York, NY 10013
Re:RSE Collection, LLC
Post Qualification Amendment No. 29 to Form 1-A
Filed May 16, 2023
File No. 024-11584
Dear Christopher Bruno:
We have reviewed your amended offering statement and have the following
comments. In some of our comments, we may ask you to provide us with information so we
may better understand your disclosure.
Please respond to this letter by amending your offering statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your offering statement and the information you
provide in response to these comments, we may have additional comments. Unless we note
otherwise, our references to prior comments are to comments in our May 11, 2023 letter.
Post Qualification Amendment No. 29 to Form 1-A filed May 16, 2023
There is currently no active trading market..., page 12
1.We note your revised disclosures in response to comments 1 and 2. Please augment your
risk factor disclosures to make it clear that secondary trading may occur outside the PPEX
ATS.
FirstName LastNameChristopher Bruno
Comapany NameRSE Collection, LLC
June 16, 2023 Page 2
FirstName LastName
Christopher Bruno
RSE Collection, LLC
June 16, 2023
Page 2
Regulation of Exchanges, page 64
2.Please revise your disclosure in this section to explain how the platform facilitates
secondary trading, and explain specifically what actions are included in such facilitation.
Please clarify whether users may offer to buy and sell interests on the platform, or if this is
done instead directly on PPEX. Please also clarify what it means that all trading activity
is “directed by Investors in their sole discretion.”
General
3.Please tell us how your YouTube and facebook videos comply with the conditions
of Rule 255(b).
4.We note your response to comment 8 as well as the mark-up of proposed changes to your
website. Please revise the description of secondary trading to name the person or entity
that is responsible for each action you describe. For example, where you talk about
matching and/or executing orders, please indicate precisely who takes these actions.
Please also tell us who sets the market hours and who sets certain of the rules for trading,
such as ASKs cannot be below 30% of an asset's last executed trade, or an investor may
not simultaneously have open BIDs and ASKs.
Please contact Scott Anderegg at 202-551-3342 or Erin Jaskot at 202-551-3442 with any
questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services