United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2011_register executive 2011-06-01 article Proposed Rules D09002ee1c7ffd61b D09002ee1c7ffd6bb United States Securities and Exchange Commission originator org United States Government Agency or Subagency We are proposing amendments to our rules to implement Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 926 requires us to adopt rules that disqualify securities offerings involving certain "felons and other `bad actors"' from reliance on the safe harbor from Securities Act registration provided by Rule 506 of Regulation D. The rules must be "substantially similar" to Rule 262, the disqualification provisions of Regulation A under the Securities Act, and must also cover matters enumerated in Section 926 (including certain state regulatory orders and bars). 76 FR 31518 https://www.govinfo.gov/app/details/FR-2011-06-01/2011-13370 2011-13370 fr01jn11-26 RIN 3235-AK97 8011-01-P Release No. 33-9211 File No. S7-21-11 https://www.govinfo.gov/app/details/FR-2011-06-01/2011-13370 https://www.govinfo.gov/content/pkg/FR-2011-06-01/html/2011-13370.htm https://www.govinfo.gov/content/pkg/FR-2011-06-01/pdf/2011-13370.pdf Reporting and Recordkeeping Requirements Securities 26 p. 31518 31543 76 FR 31518 Title 17 Part 230 17 CFR Part 230 Title 17 Part 239 17 CFR Part 239 RIN 3235-AK97 Disqualification of Felons and Other “Bad Actors” From Rule 506 Offerings; Federal Register Vol. 76, Issue PRORULE 2011-13370 SECURITIES AND EXCHANGE COMMISSION 2011-07-14 Release No. 33-9211 File No. S7-21-11 8011-01-P 2011-13370 Proposed rule.

We are proposing amendments to our rules to implement Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 926 requires us to adopt rules that disqualify securities offerings involving certain "felons and other `bad actors"' from reliance on the safe harbor from Securities Act registration provided by Rule 506 of Regulation D. The rules must be "substantially similar" to Rule 262, the disqualification provisions of Regulation A under the Securities Act, and must also cover matters enumerated in Section 926 (including certain state regulatory orders and bars).

Comments should be received on or before July 14, 2011. Johanna Vega Losert, Special Counsel; Karen C. Wiedemann, Attorney-Fellow; or Gerald J. Laporte, Office Chief, Office of Small Business Policy, at (202) 551-3460, Division of Corporation Finance, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-3628. Reporting and Recordkeeping Requirements Securities Disqualification of Felons and Other Bad Actors from Rule 506 Offerings , rule-comments@sec.gov http://www.abanet.org/buslaw/newsletter/0009/materials/uniformsecure.pdf http://www.finra.org/web/groups/industry/@ip/@comp/@regis/documents/appsupportdocs/p116979.pdf http://www.nasaa.org/content/Files/Model_Accredited_Investor_Exemption.pdf http://www.regulations.gov http://www.sec.gov/comments/df-title-iv/exemptions/exemptions-16.pdf http://www.sec.gov/comments/df-title-ix/regulation-d-disqualification/regulationddisqualification-1.pdf http://www.sec.gov/comments/df-title-ix/regulation-d-disqualification/regulationddisqualification-3.pdf http://www.sec.gov/comments/s7-18-07/s71807-26.pdf http://www.sec.gov/comments/s7-18-07/s71807-36.pdf http://www.sec.gov/comments/s7-18-07/s71807-39.pdf http://www.sec.gov/comments/s7-18-07/s71807-52.pdf http://www.sec.gov/comments/s7-18-07/s71807-55.pdf http://www.sec.gov/comments/s7-18-07/s71807-56.pdf http://www.sec.gov/comments/s7-18-07/s71807-57.pdf http://www.sec.gov/comments/s7-18-07/s71807.shtml http://www.sec.gov/info/smallbus/sbforumtrans-111810.pdf http://www.sec.gov/news/studies/2011/919bstudy.pdf http://www.sec.gov/rules/final/33-8591.pdf http://www.sec.gov/rules/proposed.shtml http://www.sec.gov/rules/proposed/2007/33-8828.pdf http://www.sec.gov/rules/proposed/2011/33-9177.pdf http://www.sec.gov/rules/sro/nasd/2007/34-56145.pdf http://www.sec.gov/rules/sro/nasd/34-48161.pdf http://www.sec.gov/rules/sro/nyse/34-49779.pdf http://www.sec.gov/spotlight/regreformcomments.shtml Vol. 76, no. 105 Office of the Federal Register, National Archives and Records Administration 2011-06-01 continuing daily deposited born digital 343 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2011-06-01 P0b002ee180d28d65 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr01jn11 https://www.govinfo.gov/app/details/FR-2011-06-01 https://www.govinfo.gov/content/pkg/FR-2011-06-01/pdf/FR-2011-06-01.pdf https://www.govinfo.gov/content/pkg/FR-2011-06-01/xml/FR-2011-06-01.xml fdlp 31451 31783 DGPO 2011-06-01 2024-06-04 FR-2011-06-01 machine generated eng FR FR-2011-06-01 76 105