Several rules get substantive revisions in addition to plain language rewrite
Regulators say they need more time to study the issue
Some amendments put on hold
Why aren’t more exempt-market general partners obtaining registration?
Investors warned not to purchase securities from firm
Exemption applies for one year, or until SROs’ CRM rules take effect
Smylski provided investment advice without being registered
Amendments intended to make rules clearer
Incorrect registration nets $20,000 penalty
Proposed registration requirements would include passing a qualification exam