{"id":4479,"date":"2007-07-04T18:08:09","date_gmt":"2007-07-04T18:08:09","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/sec_declines_to_exempt_from_br"},"modified":"2021-09-20T15:41:37","modified_gmt":"2021-09-20T20:41:37","slug":"sec-declines-to-exempt-from-br","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-declines-to-exempt-from-br\/","title":{"rendered":"SEC Declines to Exempt From Broker Dealer Registration A Consulting Firm Which Raises Capital For Small Businesses"},"content":{"rendered":"

\t\t\t\tHallmark Capital Corporation sought a “No Action” letter from the SEC’s Division of Market Regulation seeking it be given an exemption from registration as a broker-dealer (securities firm). <\/p>\n

Hallmark states that it serves small businesses as a financial consultant, to assist such business with capital raising and other matters. It informs clients and potential clients it is not a broker-dealer, does not act as an agent for the client company and does not effect transactions for the account of others. The company also does not offer to sell securities to or solicit investment funds from the general investing public.<\/p>\n

More specifically, its CEO stated that Hallmark assists small businesses with revenues under $25 million with their debt and equity capital needs, including preparing confidential information summaries describing the business, identifying broker-dealer firms that might work with these companies and arranging meetings for engaging broker-dealers to raise capital. It then has control over significant aspects of any securities transactions. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Hallmark Capital Corporation sought a “No Action” letter from the SEC’s Division of Market Regulation seeking it be given an exemption from registration as a broker-dealer (securities firm). Hallmark states that it serves small businesses as a financial consultant, to assist such business with capital raising and other matters. It informs clients and potential clients […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801],"tags":[],"class_list":["post-4479","post","type-post","status-publish","format-standard","hentry","category-sec"],"yoast_head":"\nSEC Declines to Exempt From Broker Dealer Registration A Consulting Firm Which Raises Capital For Small Businesses — Investor Lawyers Blog — July 4, 2007<\/title>\n<meta name=\"description\" content=\"Hallmark Capital Corporation sought a "No Action" letter from the SEC's Division of Market Regulation seeking it be given an exemption from registration — July 4, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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