{"id":4328,"date":"2026-06-19T04:48:29","date_gmt":"2026-06-18T20:48:29","guid":{"rendered":"http:\/\/www.jineng168.com\/?p=4328"},"modified":"2026-06-19T04:48:29","modified_gmt":"2026-06-18T20:48:29","slug":"%e5%be%8b%e5%b8%88%e8%a7%86%e8%a7%92%ef%bc%9a%e8%a7%a3%e8%af%bb%e7%be%8e%e5%9b%bdsec%e4%b8%bb%e5%b8%ad%e8%af%a6%e8%b0%88%e9%93%be%e4%b8%8a%e5%8f%91%e8%a1%8c%e3%80%81%e6%89%98%e7%ae%a1%e4%b8%8e","status":"publish","type":"post","link":"http:\/\/www.jineng168.com\/?p=4328","title":{"rendered":"\u5f8b\u5e08\u89c6\u89d2\uff1a\u89e3\u8bfb\u7f8e\u56fdSEC\u4e3b\u5e2d\u8be6\u8c08\u94fe\u4e0a\u53d1\u884c\u3001\u6258\u7ba1\u4e0e\u4ea4\u6613"},"content":{"rendered":"<h1 class=\"art_tit\">\u5f8b\u5e08\u89c6\u89d2\uff1a\u89e3\u8bfb\u7f8e\u56fdSEC\u4e3b\u5e2d\u8be6\u8c08\u94fe\u4e0a\u53d1\u884c\u3001\u6258\u7ba1\u4e0e\u4ea4\u6613<\/h1>\n<div class=\"content_text\">\n<p>\u4f5c\u8005\uff1a\u5218\u7ea2\u6797\u3001\u90b5\u5609\u7898<\/p>\n<p>\u8fd9\u4e24\u5e74\u4f60\u8981\u8bf4\u7f8e\u56fd SEC \u8ddf\u52a0\u5bc6\u884c\u4e1a\u5173\u7cfb\u597d\uff0c\u90a3\u57fa\u672c\u7b49\u4e8e\u8bf4\u8001\u864e\u4fe1\u4f5b\u7231\u5403\u7d20\u3002\u5927\u90e8\u5206\u65f6\u5019\uff0cSEC \u7684\u6001\u5ea6\u4e0d\u662f\u300c\u4f60\u5148\u522b\u505a\u300d\uff0c\u5c31\u662f\u300c\u4f60\u6562\u505a\uff0c\u6211\u5c31\u6562\u8d77\u8bc9\u300d\u3002\u4f46\u73b0\u5728\u753b\u98ce\u4f3c\u4e4e\u6709\u70b9\u53d8\u4e86\u3002<\/p>\n<p>5 \u6708 12 \u65e5\uff0c\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a\uff08SEC\uff09\u4e3b\u5e2d Paul S. 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\u5413\u9000\uff0c\u81ea\u6258\u7ba1\u53c8\u6ca1\u6709\u6cd5\u5f8b\u5730\u4f4d\uff0c\u7ed3\u679c\u5f88\u591a\u57fa\u91d1\u3001\u673a\u6784\u60f3\u53c2\u4e0e\u94fe\u4e0a\u8d44\u4ea7\u914d\u7f6e\uff0c\u6700\u540e\u88ab\u5361\u5728\u6258\u7ba1\u73af\u8282\u3002<\/p>\n<p>SAB 121 \u662f SEC \u5de5\u4f5c\u4eba\u5458 2022 \u5e74\u53d1\u5e03\u7684\u4e00\u4efd\u4f1a\u8ba1\u516c\u544a\uff0c\u8981\u6c42\u516c\u53f8\u628a\u6258\u7ba1\u7684\u5ba2\u6237\u52a0\u5bc6\u8d44\u4ea7\u8ba1\u5165\u81ea\u5df1\u8d44\u4ea7\u8d1f\u503a\u8868\u4e2d\uff0c\u5bfc\u81f4\u76d1\u7ba1\u98ce\u9669\u9661\u589e\u3002\u5176\u672c\u610f\u662f\u4e3a\u4e86\u4fdd\u969c\u7528\u6237\u8d44\u4ea7\uff0c\u4f46\u5b9e\u9645\u6548\u679c\u662f\u8ba9\u5927\u591a\u6570\u94f6\u884c\u3001\u5238\u5546\u9000\u51fa\u4e86\u52a0\u5bc6\u6258\u7ba1\u5e02\u573a\u3002<\/p>\n<p>\u73b0\u5728 SAB 121 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Broker-Dealer\uff09\u5236\u5ea6\u8bbe\u8ba1\u5931\u8d25\uff0c\u53ea\u6279\u4e86\u4e24\u5bb6\u3001\u6548\u679c\u4e0d\u4f73\u3002\u4ed6\u6697\u793a\u8fd9\u5957\u673a\u5236\u8981\u91cd\u6784\uff0c\u4e5f\u5c31\u662f\u8bf4\uff0c\u672a\u6765\u6258\u7ba1\u548c\u4ea4\u6613\u7684\u5408\u89c4\u8def\u5f84\uff0c\u6709\u53ef\u80fd\u91cd\u65b0\u6574\u5408\u3001\u964d\u4f4e\u95e8\u69db\u3002<\/p>\n<h3>\u4ea4\u6613\uff1a\u4ece\u300c\u4ea4\u6613\u5373\u89e6\u6cd5\u300d\u8d70\u5411\u300c\u6709\u9650\u8c41\u514d\u8bd5\u70b9\u300d<\/h3>\n<p>SEC \u957f\u671f\u5bf9\u94fe\u4e0a\u8d44\u4ea7\u4ea4\u6613\u6301\u5f3a\u76d1\u7ba1\u7acb\u573a\uff0c\u5c24\u5176\u662f\u5728\u300c\u662f\u5426\u5c5e\u4e8e\u8bc1\u5238\u300d\u8fd9\u9053\u574e\u4e0a\uff0c\u8ba9\u5927\u591a\u6570 Token \u9879\u76ee\u8d70\u4e0a\u4e86\u300c\u4e0d\u843d\u5730\u3001\u4e0d\u5408\u89c4\u3001\u4e0d\u6562\u4e0a\u7ebf\u300d\u7684\u6b7b\u5faa\u73af\u3002<\/p>\n<p>\u8fd9\u6b21\u8bb2\u8bdd\u4e2d\uff0cAtkins 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