New Biden Rule Makes ‘Buybacks’ Potential Seller Traps
An email I sent out this morning to my “small cadre” of advisors: https://www.govinfo.gov/content/pkg/FR-2024-04-19/pdf/2024-07838.pdf “The definition of ‘to predominantly earn a profit’ now focuses only on whether the intent underlying the sale or disposition of firearms is predominantly one of obtaining pecuniary gain… ’ to define the terms ‘purchase’ and ‘sale’ as they apply to … Continue reading “New Biden Rule Makes ‘Buybacks’ Potential Seller Traps”