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.

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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
Amendment 978 — Informed