SEC No Action Relief for MA Brokers

On January 31, 2014, the Securities and Exchange Commission’s Division of Trading and Markets granted no-action relief to “M&A Brokers” that engage in certain activities in connection with the purchase or sale of privately-held companies from the broker- dealer registration requirements of Section 15(b) of the Securities Exchange Act of 1934, as amended.

Attached is a Memorandum discussing the Commission’s ruling.

/documents/SEC-No-Action-Relief-for-MA-Brokers.pdf

Categories: Securities Regulation