New legislation may exempt business brokers from broker dealer registration

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2013 –¬†Amends the Securities Exchange Act of 1934 to allow merger and acquisition brokers (M&A brokers) who perform services in connection with the transfer of ownership of smaller privately held companies to register with the Securities and Exchange Commission (SEC) by filing an electronic notice.

Read the bill here