Purchasing securities from an underwriter or other third party.

CFR · 2024-01-01 · US · Title 13

(a) (1) You purchase such securities within 90 days of the date the public offering is first made; (2) Your purchase price is no more than the original public offering price; and (3) The amount paid by you for the securities (less ordinary and reasonable underwriting charges and commissions) has been, or will be, paid to the Small Business, and the underwriter certifies in writing that this requirement has been met. (b) (c) (d) (e) (1) Such acquisition is a reasonably necessary part of the overall sound Financing of the Small Business under the Act; or (2) The securities are acquired to finance a change of ownership under § 107.750.

official document · source cfr-2024 · id 13:§ 107.825