SEC Changes Course and Allows Business Brokers to Receive Commissions on Business Stock Sales

Prior to 1985, the SEC did not accede the auction of a business structured as a banal auction to be a auction of balance beneath the balance laws. This was accepted as the Auction of Business Doctrine. As a result, the penalties and rules that administer to balance sales did not administer to the auction of a business, and business brokers and alliance and accretion brokers were able to accept commissions in access with those sales after getting registered as a agent dealer. This afflicted in