Amendment112th Congress
Amendment provides an exemption from registration as a broker or dealer for trading platforms that do not charge a fee in connection with the purchase or sale of the security or permit general solicitations, general advertisements, or similar or related activities by issuers of such securities. Amendment also enables the marketing of private shares to accredited investors through platforms.
- Amendment Number
- 978
- Description
- Amendment provides an exemption from registration as a broker or dealer for trading platforms that do not charge a fee in connection with the purchase or sale of the security or permit general solicitations, general advertisements, or similar or related activities by issuers of such securities. Amendment also enables the marketing of private shares to accredited investors through platforms.
- Purpose
- An amendment numbered 11 printed in House Report 112-409 to, with respect to Rule 506 of Regulation D, provide an exemption from registration as a broker or dealer for trading platforms that do not charge a fee in connection with the purchase or sale of the security or permit general solicitations, general advertisements, or similar or related activities by issuers of such securities. Amendment would also enable the marketing of private shares to accredited investors through platforms.
- Congress
- 112
- Type
- HAMDT
- Latest Action Date
- Mar 8, 2012
- Latest Action Text
- On agreeing to the McHenry amendment (A011) Agreed to by voice vote.
- Latest Action Time
- 10:28:20
- Submitted Date
- Mar 8, 2012
- Chamber
- House of Representatives
- Update Date
- Feb 3, 2022