ืžื•ืคืขืœ ืข"ื™
Regulation

ื ื™ืฆื—ื•ื ื” ืฉืœ ืจื™ืคืœ ืงืจื•ื‘ ื›ืฉ-SEC ื ืกื•ื’โ€”ืคืงื™ื“ ืœืฉืขื‘ืจ ื‘-SEC ืžืฆื”ื™ืจ ืฉื”ืžืื‘ืง ื ื’ืžืจ

ืžืืžืจ ื–ื” ืคื•ืจืกื ืœืคื ื™ ื™ื•ืชืจ ืžืฉื ื”. ื—ืœืง ืžื”ืžื™ื“ืข ืขืฉื•ื™ ืœื ืœื”ื™ื•ืช ืขื“ื›ื ื™.

ื”ืื›ื™ืคื” ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ืช ืฉืœ ื”-SEC ืงื•ืจืกืช, ื›ืืฉืจ ื‘ื›ื™ืจ ืœืฉืขื‘ืจ ื—ื•ื–ื” ืฉื”ืžืžืฉืœื” ืชื ื˜ื•ืฉ ื‘ืงืจื•ื‘ ืืช ื”ืขืจืขื•ืจ ืขืœ ืจื™ืคืœ ื•ืชืคืกื™ืง ืืช ื›ืœ ื”ืžืงืจื™ื ื”ืงืฉื•ืจื™ื ืœืงืจื™ืคื˜ื•.

ื ื›ืชื‘ ืข"ื™
ืฉืชืฃ
ื ื™ืฆื—ื•ื ื” ืฉืœ ืจื™ืคืœ ืงืจื•ื‘ ื›ืฉ-SEC ื ืกื•ื’โ€”ืคืงื™ื“ ืœืฉืขื‘ืจ ื‘-SEC ืžืฆื”ื™ืจ ืฉื”ืžืื‘ืง ื ื’ืžืจ

ืงืจื™ืกืช ืžืœื—ืžืช ื”ืงืจื™ืคื˜ื• ืฉืœ ื”-SECโ€”ื‘ื›ื™ืจ ืœืฉืขื‘ืจ ื—ื–ื” ืฉื”ืžืงืจื” ืฉืœ ืจื™ืคืœ ื™ื™ืฉืžื˜

ื’โ€™ื•ืŸ ืจื™ื“ ืกื˜ืืจืง, ืœืฉืขื‘ืจ ืจืืฉ ืžืฉืจื“ ืื›ื™ืคืช ื”ืื™ื ื˜ืจื ื˜ ืฉืœ ื”ื•ื•ืขื“ื” ืœื ื™ื™ืจื•ืช ืขืจืš ืฉืœ ืืจืฆื•ืช ื”ื‘ืจื™ืช (SEC), ื”ืฆื”ื™ืจ ื‘ืคืœื˜ืคื•ืจืžืช ื”ืžื“ื™ื” ื”ื—ื‘ืจืชื™ืช X ื‘-17 ื‘ืคื‘ืจื•ืืจ ื›ื™ ืžืืžืฆื™ ื”ืื›ื™ืคื” ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ื™ื ืฉืœ ื”-SEC ืœืžืขืฉื” ืงืจืกื•.

ืกื˜ืืจืง, ืฉื‘ื™ืœื” ืžืขืœ ืœืฉื ื™ ืขืฉื•ืจื™ื ื‘-SEC ื•ื”ื™ื” ืžื‘ืงืจ ืคืขื™ืœ ืฉืœ ืชืขืฉื™ื™ืช ื”ืงืจื™ืคื˜ื•, ื”ืฆื‘ื™ืข ืขืœ ื”ืžื”ืœื›ื™ื ื”ื—ื•ืงื™ื™ื ื”ืื—ืจื•ื ื™ื ืฉืœ ื”ืกื•ื›ื ื•ืช ื‘ืžืงืจื™ื ื ื’ื“ ืงื•ื™ื ื‘ื™ื™ืก ื•ื‘ื™ื™ื ื ืก ื›ืกื™ืžื ื™ื ื‘ืจื•ืจื™ื ืœื ืกื™ื’ื” ืจื—ื‘ื” ื™ื•ืชืจ. ื”ื•ื ื—ื–ื” ืฉื”ืžืื‘ืง ื”ืžืฉืคื˜ื™ ื”ืžืชืžืฉืš ืฉืœ ืจื™ืคืœ ืขื ื”-SEC ื™ืคื’ื•ืฉ ืืช ืื•ืชื• ื’ื•ืจืœ. ืจืืฉ ืื›ื™ืคืช ื”ืื™ื ื˜ืจื ื˜ ืœืฉืขื‘ืจ ืฉืœ ื”-SEC ื›ืชื‘:

ืฆืคื• ืžื”-SEC ืณืœื”ืฉื”ื•ืชืณ ื‘ืฆื•ืจื” ื“ื•ืžื” ืืช ืขืจืขื•ืจ ืจื™ืคืœ ื‘ืงืจื•ื‘. ื”ื›ืชื™ื‘ื” ืขืœ ื”ืงื™ืจ: ื”ืื›ื™ืคื” ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ืช ืฉืœ ื”-SEC ืคื’ื” ื‘ืื•ืคืŸ ืจืฉืžื™.

ื”ืชื™ืงื™ื ื”ืžืฉืคื˜ื™ื™ื ื”ืื—ืจื•ื ื™ื ืฉืœ ื”-SEC ืžืฉืงืคื™ื ืืช ื”ืฉื™ื ื•ื™ ื‘ืืกื˜ืจื˜ื’ื™ื” ื–ื•. ื‘ื™ื•ื ืฉื™ืฉื™, ื”ื•ื“ื™ืขื” ื”ืžืžืฉืœื” ืœืžืขื’ืœ ื”ืฉื ื™ ื›ื™ ืฆื•ื•ืช ืžืฉื™ืžื•ืช ื”ืงืจื™ืคื˜ื• ื”ื—ื“ืฉ ืฉื”ื•ืงื ื™ื›ื•ืœ ืœืืคืฉืจ ืคืชืจื•ืŸ ื‘ืžืงืจื” ืฉืœื” ื ื’ื“ ืงื•ื™ื ื‘ื™ื™ืก, ืžื” ืฉื”ื•ื‘ื™ืœ ืœืขื™ื›ื•ื‘ ืงืฆืจ ื‘ืžืขื ื” ืœื‘ืงืฉืช ื”ืขืจืขื•ืจ ืฉืœ ืงื•ื™ื ื‘ื™ื™ืก. ืกื˜ืืจืง ื“ื—ื” ืืช ื”ืžื”ืœืš ื”ื–ื” ื›ืงื•ื ืกื™ืกื” ืฉืงื˜ื” ืžืฆื“ ื”-SEC, ื•ื›ืชื‘: โ€œืชืจื’ื•ื: ืชื›ื ื™ืกื• ืžื–ืœื’ ื‘ืชื™ืง ืฉืœ ื”-SEC ื ื’ื“ ืงื•ื™ื ื‘ื™ื™ืก, ื”ื•ื ื’ืžื•ืจ.โ€ ื‘ืื•ืคืŸ ื“ื•ืžื”, ื‘ืฉื‘ื•ืข ืฉืขื‘ืจ ื‘ื™ืงืฉื• ื”-SEC ื•ื‘ื™ื™ื ื ืก ื™ื—ื“ ืœื”ืฉื”ื•ืช ืืช ื”ืžืงืจื” ื”ืื›ื™ืคืชื™ ื”ืžืชืžืฉืš ืฉืœื”ื ืœืžืฉืš ื—ื•ื“ืฉื™ื™ื, ืชื•ืš ื”ืชื™ื™ื—ืกื•ืช ืœืฉื™ื ื•ื™ ื‘ื’ื™ืฉื” ื”ืจื’ื•ืœื˜ื•ืจื™ืช.

ืกื˜ืืจืง ื’ื ื”ืฆื‘ื™ืข ืขืœ ืืจื’ื•ืŸ ืžื—ื“ืฉ ืคื ื™ืžื™ ื‘-SEC, ื‘ื ื™ืžื•ืง ื›ื™ ืขื•ืจืš ื“ื™ืŸ ืžืคืชื— ืฉืœ ืžืžืฉ ืขืœ ืื—ืจืื™ ืœื ื™ืฆื—ื•ื ื•ืช ืžืฉืžืขื•ืชื™ื™ื ื‘ืื›ื™ืคื” ืงืจื™ืคื˜ื•ื’ืจืคื™ืช ื”ื•ืขื‘ืจ ื‘ืื•ืคืŸ ืคืชืื•ืžื™ ืœืชืคืงื™ื“ ืื—ืจ. โ€œื›ืŸ, ืงืจืืชื ื ื›ื•ืŸ, ื™ื•ื ืื—ื“ ื”ื•ื ื”ื™ื” ื”ืžื ื”ื™ื’ ืฉืœ ื—ื˜ื™ื‘ื” ืœืื•ืžื™ืช ืฉืœ ืขื•ืจื›ื™ ื“ื™ืŸ ืฉืœ ื”-SEC โ€ฆ ื•ืœืžื—ืจืช ื”ื•ื ื”ื•ืขื‘ืจ ืœื˜ืคืœ ื‘ืžื“ืคืกื•ืช.โ€ ื”ื•ื ื’ื ื”ื“ื’ื™ืฉ ื›ื™ โ€œื”ืžืงืจื™ื ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ื™ื ืžื ื•ื”ืœื™ื ื›ืขืช ืขืœ ื™ื“ื™ ืฆื•ื•ืช ืžืฉืคื˜ื™ ืžืžื˜ื” ื”-SEC ื‘ื•ื•ืฉื™ื ื’ื˜ื•ืŸ, D.C., ืฉื ื”ื ื ื“ืžื” ืฉืžื•ื ื—ื™ื ืขืœ ื™ื“ื™ ื™ื•โ€ืจ ื”-SEC ื‘ืคื•ืขืœ.โ€

ืกื˜ืืจืง ืคื™ืจื˜ ืืช ื”ืฆื™ืคื™ื•ืช ืฉืœื• ืœืฆืขื“ื™ื ื”ื‘ืื™ื ืฉืœ ื”-SEC, ื—ื•ื–ื” ืขืฆื™ืจื” ืžืงื™ืคื” ืœื›ืœ ืžืืžืฆื™ ื”ืื›ื™ืคื” ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ื™ื ืฉื ื•ืชืจื•. ื”ื•ื ืคื™ืจื˜:

ื—ืงื™ืจื•ืช ื”ืงืฉื•ืจื•ืช ืœืงืจื™ืคื˜ื• ืฉืœ ื”-SEC. ืฆืคื• ืฉื›ืœ ื”ื—ืงื™ืจื•ืช ื”ืคื•ืจืžืœื™ื•ืช ื•ื”ื‘ืœืชื™ ืคื•ืจืžืœื™ื•ืช ืฉืœ ื”-SEC ื”ืงืฉื•ืจื•ืช ืœืงืจื™ืคื˜ื• ืชืขืฆืจื ื” ื‘ืคืชืื•ืžื™ื•ืช.

ื”ื•ื ื’ื ื—ื–ื” ืฉื™ื ื•ื™ื™ื ื‘โ€ืชื‘ื™ืขื•ืช ื”ืงืฉื•ืจื•ืช ืœืงืจื™ืคื˜ื• ืฉืœ ื”-SECโ€, ืžืฆื™ื™ืŸ: โ€œืฆืคื• ืžื”-SEC ืœื”ื ื—ื•ืช ืืช ื™ื—ื™ื“ืช ื”ืžืฉืคื˜ ืฉืœ ื”-SEC ืœื”ืฉื”ื•ืช ืืช ื›ืœ ื”ืชื‘ื™ืขื•ืช ื”ืงืฉื•ืจื•ืช ืœืงืจื™ืคื˜ื• ืื•, ืœื—ืœื•ืคื™ืŸ, ืœื”ืชืคืฉืจ ืื• ืœืฉืžื•ื˜ ืืช ื›ืœ ื”ืชื™ืงื™ื ืฉืœ ื”-SEC ื”ืงืฉื•ืจื™ื ืœืงืจื™ืคื˜ื• ื‘ืชื ืื™ื ืžืื•ื“ ื ื•ื—ื™ื ืœื ืชื‘ืขื™ื ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ื™ื.โ€

ื”ืžืงืจื” ืฉืœ ืจื™ืคืœ, ื‘ืคืจื˜, ืขืฉื•ื™ ืœื”ื™ื•ืช ื ื˜ื•ืฉ ื‘ืงืจื•ื‘. โ€œืขืจืขื•ืจื™ื ื”ืงืฉื•ืจื™ื ืœืงืจื™ืคื˜ื• ืฉืœ ื”-SEC. ืฆืคื• ืฉื›ืœ ื”ืขืจืขื•ืจื™ื ื”ืงืฉื•ืจื™ื ืœืงืจื™ืคื˜ื•, ื›ื•ืœืœ ื”ืขืจืขื•ืจ ืขืœ ื”ืžืงืจื” ืฉืœ ืจื™ืคืœ, ื™ื•ืฉื”ื• ืื• ืขื•ื“ ื™ื•ืชืจ ืกื‘ื™ืจ, ื™ืžืฉื›ื• ืœื—ืœื•ื˜ื™ืŸ,โ€ ืกื˜ืืจืง ื—ื–ื”. ื‘ืกื™ื•ื ื“ื‘ืจื™ื•, ื”ื—ืฉื™ื‘ ื”ื‘ื›ื™ืจ ืœืฉืขื‘ืจ ืืช ื™ื›ื•ืœืชื• ืฉืœ ื”-SEC ืœืื›ื•ืฃ ืืช ื”ืชืงื ื•ืช ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ื•ืช, ืžืฆื™ื™ืŸ: โ€œื”ืžืฆื™ืื•ืช ืฉืœ ืกื˜ืืจืง. ืœืžืจื•ืช ื”ืžืกืคืจ ื”ืจื‘ ืฉืœ ืชืงื“ื™ืžื™ื ืฉื™ืคื•ื˜ื™ื™ื ืžืฉืžืขื•ืชื™ื™ื ืฉืžืฆืื• ืฉื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื ื”ื ื ื™ื™ืจื•ืช ืขืจืš, ื”ื”ื—ืœื˜ื•ืช ื”ืืœื” ืœืžืขืฉื” ื‘ืœืชื™ ืจืœื•ื•ื ื˜ื™ื•ืช ืœืขืช ืขืชื”. ื•ืœื ืžืฉื ื” ืื™ืš ื™ื•โ€ืจ ื”-SEC ื‘ืคื•ืขืœ ืื• ื™ื•โ€ืจ ื”-SEC ื”ื—ื“ืฉ ืžื›ื ื™ื ืื• ืžืกื•ื‘ื‘ื™ื ืืช ื”ื”ืฉื”ื™ื•ืช ืฉืœ ื‘ื™ื™ื ื ืก, ืงื•ื™ื ื‘ื™ื™ืก (ื•ื‘ืงืจื•ื‘ ืจื™ืคืœ), ื”ืื›ื™ืคื” ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ืช ืฉืœ ื”-SEC ืžืชื” ื›ืžื• ื™ื•ืœื™ื•ืก ืงื™ืกืจ. ืชื ื•ื— ืขืœ ืžืฉื›ื‘ืš ื‘ืฉืœื•ื.โ€

ืชื’ื™ื•ืช ื‘ื›ืชื‘ื” ื–ื•