{"data":{"id":"us/17-cfr-227.504","jurisdiction":"us","citation":"17 CFR 227.504","heading":"Definition of “qualified purchaser”.","body":"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).","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 227—REGULATION CROWDFUNDING, GENERAL RULES AND REGULATIONS","Subpart E—Miscellaneous Provisions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"e2823ac102c7cf2e249bad399f77fe91cfcf58a6fb87138de32c2e76428b42d1","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-227.503","next":"us/17-cfr-229.10"},"notice":"GroundRules: Original legal text. Not legal advice."}