{"id":1092,"date":"2020-10-08T18:44:09","date_gmt":"2020-10-08T18:44:09","guid":{"rendered":"http:\/\/localhost\/?p=1092"},"modified":"2021-02-09T18:52:12","modified_gmt":"2021-02-09T18:52:12","slug":"sec-moves-in-a-very-different-direction-on-finders","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2020\/10\/08\/sec-moves-in-a-very-different-direction-on-finders\/","title":{"rendered":"SEC Moves in a Very Different Direction on Finders"},"content":{"rendered":"<p>In a stark 3-2 vote along political lines, the SEC announced today that it was proposing new rules relating to finders.\u00a0 Essentially, if the proposed rules are, ultimately, approved, the SEC will sharply change the position it has maintained for over 8 decades, allowing unregistered finders to sell securities to the investing public while receiving transaction based compensation. \u00a0<em>See https:\/\/www.sec.gov\/news\/press-release\/2020-248. \u00a0<\/em><\/p>\n<p>If approved, the proposed rules would permit 2 categories of finders.\u00a0 Both types of finders would be allowed to solicit accredited investors for investments in various issuers. \u00a0 There are restrictions on the activities the finders could engage in as well as certain disclosure requirements for one category.\u00a0 Nonetheless, the breadth of the proposed rules is significant because it represents a sea change from the SEC\u2019s previous position that any transaction based compensation paid to persons who solicit investors would require broker-dealer registration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a stark 3-2 vote along political lines, the SEC announced today that it was proposing new rules relating to finders.\u00a0 Essentially, if the proposed rules are, ultimately, approved, the SEC will sharply change the position it has maintained for over 8 decades, allowing unregistered finders to sell securities to the investing public while receiving &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2020\/10\/08\/sec-moves-in-a-very-different-direction-on-finders\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">SEC Moves in a Very Different Direction on Finders<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,21,22],"tags":[],"class_list":["post-1092","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1092"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1092\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}