{"description":"Documents matching '\"merger and acquisition brokers\"', published on or after 12/29/2022, and from Securities and Exchange Commission","count":3,"total_pages":1,"results":[{"title":"Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To Amend the FINRA Capital Acquisition Broker (“CAB”) Rules","type":"Notice","abstract":null,"document_number":"2025-17810","html_url":"https://www.federalregister.gov/documents/2025/09/16/2025-17810/self-regulatory-organizations-financial-industry-regulatory-authority-inc-order-instituting","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-09-16/pdf/2025-17810.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-17810.pdf?1757940310","publication_date":"2025-09-16","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"Section 15(b) of the Exchange Act.” \n 26 \n \n FINRA stated that this rule was designed to “allow CABs to engage in merger and acquisition activities to the same extent as unregistered persons who were relying on” an SEC Staff-issued no-action letter relating to <span class=\"match\">merger and acquisition brokers</span> (“M&amp;A Brokers”) (hereinafter, the “M&amp;A Brokers Letter”).” \n 27 \n \n \n \n \n 26 \n  CAB Rule 016(c)(1)(G) (emphasis added).\n \n \n \n \n 27 \n  Notice at 25403; \n see \n letter from David Blass, Chief Counsel and Associate Director, Division of Trading and Markets"},{"title":"Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Amend the FINRA Capital Acquisition Broker (“CAB”) Rules","type":"Notice","abstract":null,"document_number":"2026-02899","html_url":"https://www.federalregister.gov/documents/2026/02/13/2026-02899/self-regulatory-organizations-financial-industry-regulatory-authority-inc-order-approving-a-proposed","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2026-02-13/pdf/2026-02899.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2026-02899.pdf?1770903913","publication_date":"2026-02-13","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"control person in connection with a change of control of a privately held company.” \n 48 \n \n \n \n \n 48 \n  CAB Rule 016(c)(1)(F)(ii).\n \n \n \n FINRA stated that CAB Rule 016(c)(1)(F)(ii) was, in part, modeled on the 2014 SEC staff-issued no-action letter relating to <span class=\"match\">merger and acquisition brokers</span> (“M&amp;A Brokers”) (the “M&amp;A Brokers Letter”).\n 49 \n \n In 2022, Congress amended the Exchange Act to include a new registration exemption (the “M&amp;A Brokers Exemption”) for M&amp;A Brokers, as defined in the statute, that provides relief similar to that"},{"title":"Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Amend the FINRA Capital Acquisition Broker (“CAB”) Rules","type":"Notice","abstract":null,"document_number":"2025-10882","html_url":"https://www.federalregister.gov/documents/2025/06/16/2025-10882/self-regulatory-organizations-financial-industry-regulatory-authority-inc-notice-of-filing-of-a","pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-06-16/pdf/2025-10882.pdf","public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2025-10882.pdf?1749818715","publication_date":"2025-06-16","agencies":[{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"excerpts":"and personal transactions in investment company and variable annuity securities. \n See \n FINRA Rule 3280(e).\n \n \n \n \n 30 \n  The Consolidated Appropriations Act of 2023 amended Section 15 of the Exchange Act to create a new registration exemption for specified <span class=\"match\">merger and acquisition brokers</span>. Under this exemption, a person may effect a securities transaction in connection with the transfer of ownership of a privately held company without registering as a broker or dealer under the Exchange Act, provided that the person and transaction meet specified"}]}