HB7127 exempts off-exchange secondary trading of securities from state regulation if the issuer publicly discloses certain information.
HB7127, the Restoring the Secondary Trading Market Act, amends the Securities Act of 1933 to exempt off-exchange secondary trading from state regulation. This exemption applies to securities of issuers that make publicly available specific current information, including periodic and current reports. The bill aims to facilitate secondary trading by reducing regulatory burdens for issuers that maintain transparency.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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