17 CFR §230.901

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗

For the purposes only of section 5 of the Act (15 U.S.C. § 77e), the terms offer, offer to sell, sell, sale, and offer to buy shall be deemed to include offers and sales that occur within the United States and shall be deemed not to include offers and sales that occur outside the United States.