Everything’s [Even More] Up-To-Date In Kansas City!

Last summer, I wrote about a new stock exchange – “New U.S. Exchange – It’s Better Than A Magic Lantern Show“.  What Next?  What Next?

In January, the Securities and Exchange Commission adopted an amendment to Rule 146 under Section 18 of the Securities Act of 1933 to designate certain securities listed, or authorized for listing, on BATS Exchange, Inc. as covered securities for purposes of Section 18 of the Securities Act.  Covered securities under Section 18 of the Securities Act are not subject to state law qualification or registration requirements.  The SEC’s recent action follows its approval last summer of rules for the qualification, listing, and delisting of companies on the BATS Exchange. 

 The SEC also updated certain references in Rule 146. I was the only person to comment on the rule.  Here is the SEC’s polite response...

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen Matkins Leck Gamble Mallory & Natsis LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »