• Posts by Steven K. Sims

    If you ask Steve, working with a wide variety of clients is one of the best parts of his job. He enjoys plant tours with manufacturers. He appreciates the personal side of a family-owned business. He learns from his international ...

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. 



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