SEC Order Granting Waivers of Disqualification Provisions for Firms in Broker-Dealer Off-Channel Communications Initiative

The Commission grants waivers from the disqualification provisions of Regulations A, D, E, and Crowdfunding to ten specified broker-dealers, investment advisers, and dual-registered entities. These waivers apply to firms that participated in the Broker-Dealer Off-Channel Communications Initiative and agreed to standardized settlement terms for record-keeping violations. The waivers remain valid provided the firms comply with their Record-Keeping Orders, and the Commission reserves the right to revoke or further condition them upon failure to comply. The order explicitly states that it shall not be relied upon by any entity seeking a future waiver from these disqualifications.

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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 11249 / September 29, 2023
In the Matter of

Certain
Broker-Dealer
Practices,

Respondents.

ORDER UNDER RULES 262(b)(2),
506(d)(2)(ii), AND 602(e) OF THE
SECURITIES ACT OF 1933 AND RULE
503(b)(2) OF REGULATION
CROWDFUNDING GRANTING
WAIVERS OF THE DISQUALIFICATION
PROVISIONS OF RULES 262(a)(4),
506(d)(1)(iv), AND 602(c)(3) OF THE
SECURITIES ACT OF 1933 AND RULE
503(a)(4)(ii) OF REGULATION
CROWDFUNDING

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Source: Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works