1. LawStack
  2. Title 17 - Commodity and Securities Exchange
  3. Chapter II - SECURITIES AND EXCHANGE COMMISSION
  4. Part 260 - GENERAL RULES AND REGULATIONS, TRUST INDENTURE ACT OF 1939
  5. Topic - Rules Under Section 303
  6. 17 CFR § 260.3(4)-2
17 CFR § 260.3(4)-2
Definition of “distribution” in section 303(4) for certain transactions
April 15, 2021
CFR

A person, the chief part of the business of which consists in the purchase of the securities of any one issuer and/or its affiliate and in the sale of its own securities to furnish the proceeds with which to acquire the securities of such issuer and/or affiliate, is to be regarded as engaged in the distribution of the securities of such issuer and/or affiliate within the meaning of section 303(4).

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§ 260.3(4)-1 Definition of “commission from an underwriter or dealer not in excess of the usual and customary distributors' or sellers' commissions” in section 303(4), for certain transactions
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§ 260.3(4)-3 Definitions of “participates” and “participation” as used in section 303(4), in relation to certain transactions

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