ืžื•ืคืขืœ ืข"ื™
Regulation & Legal

ื”ืจืฉื•ืช ืœื ื™ื™ืจื•ืช ืขืจืš ืฉืœ ืืจื”"ื‘ ืžื‘ื˜ื™ื—ื” ืฉืืจื”"ื‘ ืชื•ื‘ื™ืœ ืืช ื”ื’ืœ ื”ื‘ื ืฉืœ ื—ื“ืฉื ื•ืช ื”ืงืจื™ืคื˜ื•

ื”ืขืจื•ืช ื™ื•โ€ืจ ื”-SEC ืžืกืžื ื•ืช ื‘ื™ื˜ื—ื•ืŸ ื—ืกืจ ืชืงื“ื™ื ื‘ื“ื™ื ืžื™ืงื•ืช ืฉื•ืง ื”ืงืจื™ืคื˜ื•, ืžื” ืฉืžืขื•ืจืจ ืื•ืคื˜ื™ืžื™ื•ืช ืืฆืœ ืžืฉืงื™ืขื™ื ื•ื“ื•ื—ืฃ ืืช ื”ืžื•ืžื ื˜ื•ื ื‘ืžื’ื–ืจื™ื ืฉื›ื‘ืจ ืžืฆื™ื’ื™ื ื‘ื™ืฆื•ืขื™ื ืžืจืฉื™ืžื™ื ืขื ืชืื•ืฆื” ื’ื•ื‘ืจืช.

ื ื›ืชื‘ ืข"ื™
ืฉืชืฃ
ื”ืจืฉื•ืช ืœื ื™ื™ืจื•ืช ืขืจืš ืฉืœ ืืจื”"ื‘ ืžื‘ื˜ื™ื—ื” ืฉืืจื”"ื‘ ืชื•ื‘ื™ืœ ืืช ื”ื’ืœ ื”ื‘ื ืฉืœ ื—ื“ืฉื ื•ืช ื”ืงืจื™ืคื˜ื•

ื”-SEC ืžืชื—ื™ื™ื‘ ืœืขืœื™ื•ื ื•ืช ืืžืจื™ืงืื™ืช ื‘ืงืจื™ืคื˜ื• ื•ื‘ื—ื“ืฉื ื•ืช ืคื™ื ื ืกื™ืช

ื‘ืžืกื’ืจืช ื—ื–ื•ืŸ ื ื•ืขื– ืœืžื•ื‘ื™ืœื•ืช ืฉืœ ืืจื”โ€ื‘ ื‘ืฉื•ื•ืงื™ ื”ื ื›ืกื™ื ื”ื“ื™ื’ื™ื˜ืœื™ื™ื, ื™ื•โ€ืจ ื”ืจืฉื•ืช ืœื ื™ื™ืจื•ืช ืขืจืš ื”ืืžืจื™ืงืื™ืช (SEC), ืคื•ืœ ืื˜ืงื™ื ืก, ืฆื™ื™ืŸ ื›ื™ ืขื™ื“ืŸ ื”ื—ื“ืฉื ื•ืช ื”ืคื™ื ื ืกื™ืช ื”ื‘ื ืฆืจื™ืš ืœื”ื™ื•ืช ืžื•ื ืข ืžืื“ืžืช ืืจื”โ€ื‘. ื‘ื ืื•ื ืฆื™ื‘ื•ืจื™ ืฉื‘ื• ื”ื›ืจื™ื– ืขืœ โ€œืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื•โ€ ืฉืœ ื”-SEC, ื”ืฆื™ื’ ืื˜ืงื™ื ืก ืืช ืžืคืช ื”ื“ืจื›ื™ื ื”ืืกื˜ืจื˜ื’ื™ืช ืฉืœ ื”ืกื•ื›ื ื•ืช ืœื—ื™ื“ื•ืฉ ื—ื•ืงื™ ื ื™ื™ืจื•ืช ืขืจืš ื™ืฉื ื™ื. ื”ืชื•ื›ื ื™ืช ืžื›ื•ื•ื ืช ืœื”ื‘ืืช ื‘ื”ื™ืจื•ืช ืจื’ื•ืœื˜ื•ืจื™ืช ืœื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื, ืœืงื™ื‘ื•ืข ืžื—ื“ืฉ ืฉืœ ืคื™ืชื•ื— ื”ื‘ืœื•ืงืฆโ€™ื™ื™ืŸ ื‘ืืจื”โ€ื‘, ื•ืœืกื™ื•ื ื”ื“ืจื™ืคื˜ ื”ืžื“ื™ื ื™ื•ืชื™ ืฉื”ื•ื‘ื™ืœ ื—ื‘ืจื•ืช ืงืจื™ืคื˜ื• ืืœ ืžื—ื•ืฅ ืœื’ื‘ื•ืœื•ืช ื”ืžื“ื™ื ื”.

ื”ื•ื ื—ื™ื–ืง ื—ื–ื•ืŸ ื–ื” ื‘-4 ื‘ืื•ื’ื•ืกื˜, ื›ืฉื”ื•ื ื›ืชื‘ ื‘ืคืœื˜ืคื•ืจืžืช ื”ืžื“ื™ื” ื”ื—ื‘ืจืชื™ืช X ืฉืืจืฆื•ืช ื”ื‘ืจื™ืช ืชื•ื‘ื™ืœ ืืช ื”ืžืขื‘ืจ ื”ืคื™ื ื ืกื™ ื”ื’ืœื•ื‘ืœื™:

ื ื‘ื˜ื™ื— ืฉื”ืคืจืง ื”ื‘ื ืฉืœ ื—ื“ืฉื ื•ืช ืคื™ื ื ืกื™ืช ื™ื™ื›ืชื‘ ืžืžืฉ ื›ืืŸ ื‘ืืžืจื™ืงื”.

ื”ืฉื™ืœื•ื‘ ืฉืœ ืชืžื™ื›ื” ืคื•ืœื™ื˜ื™ืช ื•ืชืขืฉื™ื™ืชื™ืช ืžืกืžืŸ ื”ืชืœื›ื“ื•ืช ื ื“ื™ืจื” ืกื‘ื™ื‘ ืจืคื•ืจืžื” ืจื’ื•ืœื˜ื•ืจื™ืช. ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื• ืžื ื™ื— ืืช ื”ื™ืกื•ื“ื•ืช ืœื”ื ื—ื™ื•ืช ืกื™ื•ื•ื’ ื—ื“ืฉื•ืช, ื›ืœืœื™ ืฉืžื™ืจื” ืžืขื•ื“ื›ื ื™ื ื•ืคืœื˜ืคื•ืจืžื•ืช ืžืฉื•ืœื‘ื•ืช ืฉื™ื›ื•ืœื•ืช ืœืชืžื•ืš ื’ื ื‘ื ื™ื™ืจื•ืช ืขืจืš ื•ื’ื ื‘ื˜ื•ืงื ื™ื ืฉืื™ื ื ื ื™ื™ืจื•ืช ืขืจืš. ืื ื™ื‘ื•ืฆืขื• ื‘ืžืœื•ืื, ื”ื ืขืฉื•ื™ื™ื ืœื”ื’ื“ื™ืจ ืžื—ื“ืฉ ืืช ืชืคืงื™ื“ ืืจื”โ€ื‘ ื‘ืžื™ืžื•ืŸ ื“ื™ื’ื™ื˜ืœื™ ื•ืœื—ื–ืง ืืช ืžืขืžื“ื” ื›ืžื•ื‘ื™ืœื” ืจื’ื•ืœื˜ื•ืจื™ืช ื•ื˜ื›ื ื•ืœื•ื’ื™ืช ื‘ืฉื•ื•ืงื™ ื”ื‘ืœื•ืงืฆโ€™ื™ื™ืŸ.

ืชืžื™ื›ื” ืžื—ื•ืงืงื™ื ื•ืžื ื”ื™ื’ื™ ืชืขืฉื™ื™ื” ืœื ืื™ื—ืจื” ืœื‘ื•ื. ืกื ืื˜ื•ืจ ืืจื”โ€ื‘, ื‘ื™ืœ ื”ืื’ืจื˜ื™, ื”ื“ื’ื™ืฉ ืืช ื”ืื™ื–ื•ืŸ ืฉืœ ื”ื™ื•ื–ืžื” ื‘ื™ืŸ ื—ื“ืฉื ื•ืช ืœืคื™ืงื•ื—, ื›ืฉื”ื•ื ืื•ืžืจ: โ€œื”ื”ื ื”ื’ื” ื”ืจืื•ื™ื” ืฉืœ ื™ื•โ€ืจ ืื˜ืงื™ื ืก ื‘ื ื•ื’ืข ืœืงืจื™ืคื˜ื• ืžืกืžื ืช ืืช ื”ืื™ื–ื•ืŸ ื”ื ื›ื•ืŸ: ืžืชืŸ ืกื‘ื™ื‘ื” ื‘ื˜ื•ื—ื” ืœืžื—ื“ืฉื™ื ืœื”ืชืคืชื— ืชื•ืš ืฉืžื™ืจื” ืขืœ ื”ืฆืจื›ื ื™ื. ื‘ื•ืื• ื ื‘ื˜ื™ื— ืฉื”ืขืชื™ื“ ื”ืคื™ื ื ืกื™ ื™ื™ื‘ื ื” ื›ืืŸ ื‘ื‘ื™ืช.โ€ ื”ื™ื•ืขืฅ ื”ืžืฉืคื˜ื™ ื”ืจืืฉื™ ืฉืœ ืจื™ืคืœ, ืกื˜ื™ื•ืืจื˜ ืืœื“ืจื•ื˜ื™, ืฆื™ื™ืŸ ืืช ื”ื ื™ื’ื•ื“ ืœืžื“ื™ื ื™ื•ืช ืงื•ื“ืžื•ืช:

ื™ื•โ€ืจ ืื˜ืงื™ื ืก ื™ื•ื“ืข ืฉื”ืžืžืฉืœ ื”ืงื•ื“ื ื”ื•ื‘ื™ืœ ื—ื‘ืจื•ืช ืงืจื™ืคื˜ื• ืœื—ื•โ€ืœ. ื”ื•ื ืžืชืžืงื“ ื›ืขืช ื‘ืกื˜ื ื“ืจื˜ื™ื ื‘ืจื•ืจื™ื ื•ืžื“ื•ื™ืงื™ืโ€”ื•ื‘ืฉืจื˜ื•ื˜ ืงื•ื•ื™ื ืขื‘ื•ืจ ืœืฆืžืฆื•ื ื”ื”ื’ื–ืžื” ืฉืœ ื”-SEC.

ืžืืžืจ ื–ื” ืชื•ืจื’ื ืžืื ื’ืœื™ืช ื‘ืืžืฆืขื•ืช ื‘ื™ื ื” ืžืœืื›ื•ืชื™ืช. ื”ื’ืจืกื” ื”ืžืงื•ืจื™ืช ื‘ืื ื’ืœื™ืช ื”ื™ื ื”ืžืงื•ืจ ื”ืงื•ื‘ืข; ืชืจื’ื•ืžื™ื ืื•ื˜ื•ืžื˜ื™ื™ื ืขืฉื•ื™ื™ื ืœื”ื›ื™ืœ ืื™-ื“ื™ื•ืงื™ื, ื‘ืžื™ื•ื—ื“ ื‘ืžื•ื ื—ื™ื ืžืฉืคื˜ื™ื™ื ื•ืจื’ื•ืœื˜ื•ืจื™ื™ื.

ืชื’ื™ื•ืช ื‘ื›ืชื‘ื” ื–ื•