SEC Interprets Section 3(a)(10) Exemption from Registration Requirements of the Securities Act of 1933 and Resale Status of Securities that are Received in Section 3(a)(10) Exempt Transactions

Date: 06/23/08

The Division of Corporation Finance (the "Division") of the Securities and Exchange Commission (the "Commission") recently issued a legal bulletin expressing its views regarding the resale status of securities received in a transaction exempt from registration pursuant to Section 3(a)(10) of the Securities Act of 1933.1 This memorandum summarizes the SEC's views on the Section 3(a)(10) exemption and the resale status of securities received in such an exempt transaction.

This memorandum is for general information purposes only and is not intended to advertise our services, solicit clients or represent our legal advice.

Download: SEC Interprets Section 3(a)(10) Exemption from Registration Requirements of the Securities Act of 1933 and Resale Status of Securities that are Received in Section 3(a)(10) Exempt Transactions (PDF, 46.50 K)

Related Attorneys: Jonathan I. Mark, John J. Schuster, Jane C. Kim

Related Practice: Corporate