Yes! Your company's securities offering may qualify for one of several exemptions from the SEC’s registration requirements. However, all securities transactions, even exempt transactions, are subject to the antifraud provisions of the Federal Securities Laws. This means that you and your company will be responsible for false or misleading statements (whether oral or written).
While the government enforces the Federal Securities Laws through criminal, civil and administrative proceedings, there is also the possibility of private law suits from anyone who loses money (or does not make all that she or he would have made) as a result of violations of the Federal Securities Laws.