17 CFR 230.140
§ 230.140 Definition of “distribution” in section 2(11) for certain transactions.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 230.140, § 230.140 Definition of “distribution” in section 2(11) for certain transactions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/68576
- Permanent ID
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Full text
A person, the chief part of whose business consists of the purchase of the securities of one issuer, or of two or more affiliated issuers, and the sale of its own securities, including the levying of assessments on its assessable stock and the resale of such stock upon the failure of the holder thereof to pay any assessment levied thereon, to furnish the proceeds with which to acquire the securities of such issuer or affiliated issuers, is to be regarded as engaged in the distribution of the securities of such issuer or affiliated issuers within the meaning of section 2(11) of the Act.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.