qualified purchaser

(3)A security is a covered security with respect to the offer or sale of the security to qualified purchasers, as defined by the Commission by rule. In prescribing such rule, the Commission may define the term “qualified purchaser” differently with respect to different categories of securities, consistent with the public interest and the protection of investors.


15 USC § 77r(b)(3)

Scoping language

For purposes of this section
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