17 CFR 230.176 - Circumstances affecting the determination of what constitutes reasonable investigation and reasonable grounds for belief under section 11 of the Securities Act.

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§ 230.176 Circumstances affecting the determination of what constitutes reasonable investigation and reasonable grounds for belief under section 11 of the Securities Act.
In determining whether or not the conduct of a person constitutes a reasonable investigation or a reasonable ground for belief meeting the standard set forth in section 11(c), relevant circumstances include, with respect to a person other than the issuer.
(a) The type of issuer;
(b) The type of security;
(c) The type of person;
(d) The office held when the person is an officer;
(e) The presence or absence of another relationship to the issuer when the person is a director or proposed director;
(f) Reasonable reliance on officers, employees, and others whose duties should have given them knowledge of the particular facts (in the light of the functions and responsibilities of the particular person with respect to the issuer and the filing);
(g) When the person is an underwriter, the type of underwriting arrangement, the role of the particular person as an underwriter and the availability of information with respect to the registrant; and
(h) Whether, with respect to a fact or document incorporated by reference, the particular person had any responsibility for the fact or document at the time of the filing from which it was incorporated.
[47 FR 11433, Mar. 16, 1982, as amended at 76 FR 71876, Nov. 21, 2011]

Title 17 published on 2015-04-01.

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  • 2015-06-04; vol. 80 # 107 - Thursday, June 4, 2015
    1. 80 FR 31836 - Amendments for Small and Additional Issues Exemptions Under the Securities Act (Regulation A)
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      SECURITIES AND EXCHANGE COMMISSION
      Final rule; correction.
      This correction is effective June 19, 2015.
      17 CFR Parts 200, 230, 232, 239, 240, 249, and 260

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United States Code
U.S. Code: Title 15 - COMMERCE AND TRADE
Statutes at Large

Title 17 published on 2015-04-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 17 CFR Part 230 after this date.

  • 2015-06-12; vol. 80 # 113 - Friday, June 12, 2015
    1. 80 FR 33590 - Investment Company Reporting Modernization
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      SECURITIES AND EXCHANGE COMMISSION
      Proposed rule.
      Comments should be received on or before August 11, 2015.
      17 CFR Parts 200, 210, 230, 232, 239, 240, 249, 270, 274