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Rule 147
A regulation under the U.S. Securities Act of 1933 that provides a safe harbor for the intrastate offering of securities, exempting them from federal registration requirements.
Intrastate Exemption
Intrastate exemption refers to regulatory permissions allowing companies to conduct business strictly within one state, exempting them from certain federal regulations.
SEC
The U.S. Securities and Exchange Commission, an agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.
Material Omissions
Failures to include important information in a document or communication, which can significantly alter the understanding of the situation.
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