GroundRules
17 CFR 260.3(4)-2: (4)-2 Definition of “distribution” in section 303(4) for certain transactions.
Where this section sits in the code
- Title 17—Commodity and Securities Exchanges
- CHAPTER II—SECURITIES AND EXCHANGE COMMISSION
- PART 260—GENERAL RULES AND REGULATIONS, TRUST INDENTURE ACT OF 1939
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).
Collected 2026-08-27T02:24:31Z. Source file · JSON