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

The Securities and Exchange Commission grants waivers from disqualification provisions under Regulations A, D, E, and Crowdfunding to sixteen 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 non-scienter based record-keeping violations. The waivers remain contingent upon the firms' compliance with the terms of their respective Record-Keeping Orders, which require the retention of a compliance consultant to review supervisory and compliance policies. The Commission reserves the right to revoke or further condition these waivers if the firms fail to comply with the order terms.

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UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 11270 / February 9, 2024
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)(ii),
506(d)(1)(iv)(B), 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