§ 227.504 Definition of “qualified purchaser”.

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Title 17 CFR: Commodity and Securities Exchanges › Chapter II: SECURITIES AND EXCHANGE COMMISSION › Part 227: REGULATION CROWDFUNDING, GENERAL RULES AND REGULATIONS › Subpart E: Miscellaneous Provisions › § 227.504: § 227.504 Definition of “qualified purchaser”.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

For purposes of section 18(b)(3) of the Securities Act [15 U.S.C. 77r(b)(3)], a “qualified purchaser” means any person to whom securities are offered or sold pursuant to an offering under §§ 227.100 through 227.504 (Regulation Crowdfunding).

[86 FR 3593, Jan. 14, 2021]

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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§ 227.504 Definition of “qualified purchaser”. · 17 C.F.R. § 227.504 (2026) | Frix