Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 17 - Commodity and Securities Exchanges |
Chapter II - Securities and Exchange Commission |
Part 227 - Regulation Crowdfunding, General Rules and Regulations |
Subpart D - Funding Portal Regulation |
§ 227.401 - Exemption.
Latest version.
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§ 227.401 Exemption.
A funding portal that is registered with the Commission pursuant to § 227.400 is exempt from the broker registration requirements of section 15(a)(1) of the Exchange Act (15 U.S.C. 78o(a)(1)) in connection with its activities as a funding portal.