Subject: File Number S7-13-20
From: Carlo Porreca
Affiliation:

Nov. 23, 2020


Dear Madam Secretary,
 
I have a question regarding the Proposed Exemptive Order Granting Conditional Exemption from the Broker Registration Requirements of Section 15(a) of the Securities Exchange Act of 1934 for Certain Activities of Finders:
 
How, if at all, does the proposed exemption apply to Finders who are compensated by the investor (i.e., with a buy-side fee agreement) and not by the issuer?  
Thank you.
 
Have a great Thanksgiving.
 
Best regards,
 
Carlo
 
Carlo Porreca