Code of Federal Regulations · Section

§ 227.504 — Definition Of “qualified Purchaser”

17 C.F.R. § 227.504

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For purposes of section 18(b)(3) of the Securities Act [15 U.S.C. 77r(b)(3)], a “qualified purchaser” means any person to whom securities are offered or sold pursuant to an offering under §§ 227.100 through 227.504 (Regulation Crowdfunding).