Business brokers and intermediaries who are active in the lower end of the M&A middle market have been lobbying Congress for 10 years to enact a limited exemption from broker registration under the Securities Exchange Act of 1934. Their work and patience have finally paid off. On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act, 2023. Hidden away in it was Division AA, Title V, Small Business Mergers, Acquisitions, Sales & Brokerage Simplification, including the M&A Broker Exemption.
Welcome to the Amundsen Davis Corporate Legal Update where our attorneys blog about insights on corporate governance, securities regulations, M&A news and more.
- Calming Depositor Angst at Community Banks
- New Guidance on the Beneficial Ownership Information Reporting Rule
- Cryptocurrency Companies Should Expect More SEC Enforcement in the Near Future
- FTC Announces Increases to Hart-Scott-Rodino Act Notification Thresholds and Filing Fees
- Forever Chemicals (PFAS) in Real Estate Transactions: Avoiding Forever Consequences
- Private Placement – State and Federal Law Considerations
- Patience is a Virtue: Landmark Federal M&A Broker Exemption Effective March 29, 2023
- Opt In/Out Deadline for New Wisconsin LLC Law is December 31, 2022
- Tick Tock: Election to Opt-Out of Wisconsin’s New “Creditor-Friendly” LP And LLC Acts Expire December 31, 2022
- What the SEC’s New Strategic Plan Means for the Financial Industry and Investors