17 C.F.R. § 227.401
Exemption.
Cite as 17 C.F.R. § 227.401 (2026)
A funding portal that is registered with the Commission pursuant to § 227.400 is exempt from the broker registration requirements of section 15(a)(1) of the Exchange Act (15 U.S.C. 78
o
(a)(1)) in connection with its activities as a funding portal.
- Cross-references to the US Code
- 15:78
- Cross-references to the CFR
- 227.400