Nebraska Exempts "M&A Brokers" from State Broker-Dealer Registration Requirements

On August 9, 2019, the Nebraska Department of Banking and Finance issued the Interpretive Opinion No. 19 that excludes M&A Brokers from the Nebraska Securities Act’s definition of broker-dealer. It is a development that modernizes and streamlines Nebraska’s securities rules and regulations. By providing needed regulatory relief for M&A Brokers, the Opinion is anticipated to generate greater opportunities for Nebraska-based owners of privately held operating companies to sell their businesses with the assistance of qualified M&A Brokers who will no longer be required to register as broker-dealers.