SEC Proposal Includes Conditional Safe Harbor for Investment Contracts
The SEC says proposed rules would include a conditional safe harbor from the term "investment contract" in the definitions of "security" under the Securities Act of 1933 and the Securities Exchange Act of 1934.
The Securities and Exchange Commission said its proposed rules include a conditional safe harbor from the term "investment contract" within the definitions of "security" in the Securities Act of 1933 and the Securities Exchange Act of 1934.
No additional details were provided in the post about the conditions attached to the safe harbor or the specific assets or transactions that would be affected.
The update was shared via the FirstSquaw account.
Source: First Squawk