Notice
27 Feb 2025
investment company act, financial regulation, payment technology, marqeta, securities and exchange commission
💳Marqeta Seeks Exemption from Investment Company Classification
Marqeta, Inc. has filed an application with the SEC seeking an order to be declared primarily engaged in a business other than investing in securities, focusing on its technology-based payment card issuing platform. The firm argues its operations do not align with the definition of an investment company as outlined in the Investment Company Act of 1940.
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