SEC Rule 15a-6: Difference between revisions

SEC Rule 15a-6 (view source)

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 [https://www.sec.gov/divisions/marketreg/rule15a-6.htm SEC Page on Rule 15a-6]
-[[file:FederalRegister15a6.pdf|Federal register guidance on Rule 15a-6]]
+[[file:Federal register guidance on Rule 15a-6|FederalRegister15a6.pdf]]
 Sayeth Dorsey & Witney:
-Rule {{tag|15a-6}}, as supplemented by {{tag|SEC}} no-action letters, can be used, at the federal level, to permit contacts by representatives of a Canadian firm with “U.S. Institutional Investors” and “Major U.S. Institutional Investors” (as defined in each case) if the account is maintained by a U.S. registered broker-dealer (which can either be affiliated or unaffiliated with the Foreign firm).
+{{tag|Rule 15a-6}}, as supplemented by {{tag|SEC}} no-action letters, can be used, at the federal level, to permit contacts by representatives of a Canadian firm with “U.S. Institutional Investors” and “Major U.S. Institutional Investors” (as defined in each case) if the account is maintained by a U.S. registered broker-dealer (which can either be affiliated or unaffiliated with the Foreign firm).
 Non-U.S. dealers, including foreign affiliates of U.S. dealers, should also limit their contacts to institutional investors and registered broker-dealers, thereby benefiting from state broker-dealer registration exemptions.