25 See Rule 206 (4)-3 (a) (3) (iii) (B) (3) proposed. The SEC notes that, in order to extend the classes of disqualifying events, in accordance with the proposed rule, it has resorted to certain disqualifications in accordance with the provisions of Regulation D of the Securities Act. See publication, 263. However, the SEC recognizes that while there is some overlap between the disqualifying events under Regulation D and the proposed bidding rule, certain types of Practices under Regulation D may be prohibitive, but not under the proposed tendering rule and vice versa. See version, 458-59. For a lawyer who may be subject to two normal rates (z.B. a merchant broker, the emperor sold by a private fund in the name of a consultant), it would therefore have to be confirmed that the lawyer is not disqualified under Regulation D or the proposed rule. Texas is an example of a state that clearly distinguishes lawyers from state-registered consultants and lawyers from SEC-registered consultants, as well as internal and external lawyers. By FAQ 1.B.3 and 1.B.4: Q: “I am a lawyer in Texas for an SEC-registered investment advisor.
Do I also have to register with the Texas Securities Commissioner or register? A: As a general rule, when it comes to a person being monitored, the lawyer is not required to register with the Texas Securities Commissioner. Whether a lawyer for an investment advisor registered by the SEC is subject to state registration requirements depends on: (1) whether the lawyer is a person being supervised (see FAQ 1.B.1) and (2) whether the lawyer is [investment advisor] (see FAQ 1.B.2). If a lawyer for an sec-registered investment advisor does not provide investment advice, the lawyer is not required to register with the Texas Securities Commissioner, but is subject to the rules for filing fees and communications. A foreign lawyer for an SEC-registered investment advisor (i.e. a lawyer who is not a consultant) is not a person being monitored and must therefore register with the Texas Securities Commissioner.