Document ID: SEC-2011-0388-0001
Agency: sec
Document Type: Rule
Title: General Rules and Regulations, Securities Act of 1933; CFR Correction
Posted Date: 2011-03-22T04:00Z

[Federal Register Volume 76, Number 55 (Tuesday, March 22, 2011)]
[Rules and Regulations]
[Page 15841]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-6830]

[[Page 15841]]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 230

General Rules and Regulations, Securities Act of 1933

CFR Correction

    In Title 17 of the Code of Federal Regulations, Parts 200 to 239, 
revised as of April 1, 2010, on page 686, in Sec.  230.501, following 
paragraph (e)(3), reinstate the Note to paragraph (e) to read as 
follows:

Sec.  230.501  Definitions and terms used in Regulation D.

* * * * *
    (e) * * *
    NOTE: The issuer must satisfy all the other provisions of 
Regulation D for all purchasers whether or not they are included in 
calculating the number of purchasers. Clients of an investment adviser 
or customers of a broker or dealer shall be considered the 
``purchasers'' under Regulation D regardless of the amount of 
discretion given to the investment adviser or broker or dealer to act 
on behalf of the client or customer.
* * * * *

[FR Doc. 2011-6830 Filed 3-21-11; 8:45 am]
BILLING CODE 1505-01-D