SEC:

Exemption for the Acquisition of Securities During the Existence of An Underwriting or Selling Syndicate

OGC-97-57: Published: Aug 20, 1997. Publicly Released: Aug 20, 1997.

Multimedia:

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the exemption for the acquisition of securities during the existence of an underwriting or selling syndicate. GAO noted that: (1) the rule would amend rule 10f-3 and permit registered investment companies that have certain affiliated relationships with an underwriter to purchase a greater percentage of an offering of securities during the existence of an underwriting or selling syndicate; (2) the amendments would also permit these investment companies to purchase securities in certain foreign offerings and offerings of unregistered securities; and (3) the SEC complied with applicable requirements in promulgating the rule.

Sep 22, 2020

Sep 4, 2020

Jul 21, 2020

Jul 6, 2020

Apr 30, 2020

  • finance icon, source: Comstock

    Priority Open Recommendations:

    Department of the Treasury
    GAO-20-549PR: Published: Apr 23, 2020. Publicly Released: Apr 30, 2020.

Apr 27, 2020

Apr 21, 2020

Apr 20, 2020

Looking for more? Browse all our products here