Code of Federal Regulations · Section
§ 230.150 — Definition Of “commission Or Other Remuneration” In Section 3(a)(9), For Certain Transactions
17 C.F.R. § 230.150
View:
The term commission or other remuneration in section 3(a)(9) of the Act shall not include payments made by the issuer, directly or indirectly, to its security holders in connection with an exchange of securities for outstanding securities, when such payments are part of the terms of the offer of exchange.
Authorizing Statute
-
Prohibitions relating to interstate commerce and the mails15 U.S.C. § 77e
-
Registration of securities15 U.S.C. § 77f
-
Special powers of Commission15 U.S.C. § 77s