On the recordFebruary 3, 2016
I offer an amendment. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 9, after line 16, insert the following: ``(iii) Engages on behalf of any party in a transaction involving a public shell company. ``(C) Disqualifications.--An M&A broker is not exempt from registration under this paragraph if such broker is subject to-- ``(i) suspension or revocation of registration under paragraph (4); ``(ii) a statutory disqualification described in section 3(a)(39); ``(iii) a disqualification under the rules adopted by the Commission under section 926 of the Investor Protection and Securities Reform Act of 2010 (15 U.S.C. 77d note); or ``(iv) a final order described in paragraph (4)(H).''. Page 9, line 17, strike ``(C)'' and insert ``(D)''. Page 9, line 23, strike ``(D)'' and insert ``(E)''. Page 10, line 23, insert ``privately held'' after ``means a''. Page 13, beginning on line 6, strike ``year-end balance sheet'' and all that follows through ``report of the independent auditor'' and insert ``fiscal year-end financial statements of the issuer of the securities as customarily prepared by the management of the issuer in the normal course of operations and, if the financial statements of the issuer are audited, reviewed, or compiled, any related statement by the independent accountant''.…





