SEC Proposes Broker Registration Exemption for Certain "Finders"
By EsqSocial Corporation 20/10/20
On October 7, 2020, the Securities and Exchange Commission (Commission) proposed a conditional exemption from the broker registration provisions of the Securities Exchange Act of 1934 (Exchange Act) for natural persons that engage in certain activities traditionally associated with "finders" in connection with capital-raising transactions. The exemption would be provided via an exemptive order issued by the Commission. Assuming compliance with the proposed conditions of the exemption, such...
By: Baker Donelson