Commodity and securities exchanges. Part230:General rules and regulations, securities act of 1933. Section230.506:Exemption for limited offers and sales without regard to dollar amount of offering.
(a) Exemption. Offers and sales of securities by an issuer that satisfy the conditions in paragraph (b) or (c) of this section shall be deemed to betransactions not involving any public offering within the meaning of section 4(a)(2) of the Act.