╨а╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П ╨┐╨╛╨╗╨║╨╕

╨з╤В╨╛ ╤В╨░╨║╨╛╨╡ ╨┐╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П?

╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П ╨╕╨╗╨╕ ╨┐╨╛╨╗╨╛╤З╨╜╨╛╨╡ ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╡ тАФ ╤Н╤В╨╛ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╨┐╤А╨╡╨┤╨▓╨░╤А╨╕╤В╨╡╨╗╤М╨╜╨╛╨╣ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╨▓ ╨Ъ╨╛╨╝╨╕╤Б╤Б╨╕╨╕ ╨┐╨╛ ╤Ж╨╡╨╜╨╜╤Л╨╝ ╨▒╤Г╨╝╨░╨│╨░╨╝ ╨╕ ╨▒╨╕╤А╨╢╨░╨╝ ╨б╨и╨Р (SEC) ╤Б ╤Ж╨╡╨╗╤М╤О ╨╕╤Е ╨┐╤Г╨▒╨╗╨╕╤З╨╜╨╛╨│╨╛ ╨▓╤Л╨┐╤Г╤Б╨║╨░ ╨▓ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝. ╨н╤В╨╛ ╨┤╨░╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕-╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╤Б╨▓╨╛╨▒╨╛╨┤╤Г ╨┤╨╡╨╗╨░╤В╤М ╨╜╨╡╤Б╨║╨╛╨╗╤М╨║╨╛ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╤Е ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╣ ╤Б ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╨╜╨╕╨╡╨╝ ╨╛╨┤╨╜╨╛╨╣ ╨╕ ╤В╨╛╨╣ ╨╢╨╡ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨▒╨╡╨╖ ╨┐╨╛╨┤╨░╤З╨╕ ╨║╨░╨╢╨┤╤Л╨╣ ╤А╨░╨╖ ╨╛╤В╨┤╨╡╨╗╤М╨╜╨╛╨│╨╛ ╨┐╤А╨╛╤Б╨┐╨╡╨║╤В╨░.

╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕-╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╨┐╤А╨╕╨▓╨╗╨╡╨║╨░╤В╤М ╨║╨░╨┐╨╕╤В╨░╨╗ ╨╜╨╡╨╝╨╡╨┤╨╗╨╡╨╜╨╜╨╛, ╨║╨╛╨│╨┤╨░ ╤А╤Л╨╜╨╛╤З╨╜╤Л╨╡ ╤Г╤Б╨╗╨╛╨▓╨╕╤П ╨╕╨┤╨╡╨░╨╗╤М╨╜╤Л, ╤Б ╨╝╨╕╨╜╨╕╨╝╨░╨╗╤М╨╜╤Л╨╝ ╨▒╤О╤А╨╛╨║╤А╨░╤В╨╕╤З╨╡╤Б╨║╨╕╨╝ ╨╛╤Д╨╛╤А╨╝╨╗╨╡╨╜╨╕╨╡╨╝ ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В╨╛╨▓. ╨н╤В╨╛ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨┐╤А╨╛╨┤╨░╨▓╨░╤В╤М ╨╜╨╛╨▓╤Л╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ (╨╜╨░ ╨┐╨╡╤А╨▓╨╕╤З╨╜╨╛╨╝ ╤А╤Л╨╜╨║╨╡╨Я╨╡╤А╨▓╨╕╤З╨╜╤Л╨╣ ╤А╤Л╨╜╨╛╨║╨Я╨╡╤А╨▓╨╕╤З╨╜╤Л╨╣ ╤А╤Л╨╜╨╛╨║ — ╤Н╤В╨╛ ╨╝╨╡╤Б╤В╨╛, ╨│╨┤╨╡ ╨┤╨╛╨╗╨│╨╛╨▓╤Л╨╡, ╨┤╨╛╨╗╨╡╨▓╤Л╨╡ ╨╕╨╗╨╕ ╨╗╤О╨▒╤Л╨╡ ╨┤╤А╤Г╨│╨╕╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╨╛╤Б╨╜╨╛╨▓╨░╨╜╨╜╤Л╨╡ ╨╜╨░ ╨░╨║╤В╨╕╨▓╨░╤Е, ╤Б╨╛╨╖╨┤╨░╤О╤В╤Б╤П, ╨▓╤Л╨┐╨╕╤Б╤Л╨▓╨░╤О╤В╤Б╤П ╨╕ ╨┐╤А╨╛╨┤╨░╤О╤В╤Б╤П ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨░╨╝. ╨н╤В╨╛ ╤З╨░╤Б╤В╤М ╤А╤Л╨╜╨║╨░ ╨║╨░╨┐╨╕╤В╨░╨╗╨░. ╨║╨╛╨│╨┤╨░ ╨╜╨╛╨▓╤Л╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╤Б╨╛╨╖╨┤╨░╤О╤В╤Б╤П ╨╕ ╨╜╨░╨┐╤А╤П╨╝╤Г╤О ╨┐╨╛╨║╤Г╨┐╨░╤О╤В╤Б╤П ╤Н╨╝╨╕╤В╨╡╨╜╤В╨╛╨╝. ╨┐╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡) ╨╕╨╗╨╕ ╨┐╨╡╤А╨╡╨┐╤А╨╛╨┤╨░╤О╤В ╨╜╨░╤Е╨╛╨┤╤П╤Й╨╕╨╡╤Б╤П ╨▓ ╨╛╨▒╤А╨░╤Й╨╡╨╜╨╕╨╕ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ (╨╜╨░ ╨▓╤В╨╛╤А╨╕╤З╨╜╨╛╨╝ ╤А╤Л╨╜╨║╨╡╨Т╤В╨╛╤А╨╕╤З╨╜╤Л╨╣ ╤А╤Л╨╜╨╛╨║╨Т╤В╨╛╤А╨╕╤З╨╜╤Л╨╣ ╤А╤Л╨╜╨╛╨║ тАФ ╤Н╤В╨╛ ╨┐╨╗╨░╤В╤Д╨╛╤А╨╝╨░, ╨╜╨░ ╨║╨╛╤В╨╛╤А╨╛╨╣ ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л ╨╝╨╛╨│╤Г╤В ╨╗╨╡╨│╨║╨╛ ╨┐╨╛╨║╤Г╨┐╨░╤В╤М ╨╕╨╗╨╕ ╨┐╤А╨╛╨┤╨░╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╨║╨╛╨│╨┤╨░-╤В╨╛ ╨▓╤Л╨┐╤Г╤Й╨╡╨╜╨╜╤Л╨╡ ╨┐╨╡╤А╨▓╨╛╨╜╨░╤З╨░╨╗╤М╨╜╤Л╨╝ ╤Н╨╝╨╕╤В╨╡╨╜╤В╨╛╨╝, ╨▒╤Г╨┤╤М ╤В╨╛ ╨▒╨░╨╜╨║, ╨║╨╛╤А╨┐╨╛╤А╨░╤Ж╨╕╤П ╨╕╨╗╨╕ ╨│╨╛╤Б╤Г╨┤╨░╤А╤Б╤В╨▓╨╡╨╜╨╜╨░╤П ╨╛╤А╨│╨░╨╜╨╕╨╖╨░╤Ж╨╕╤П.╨в╨░╨║╨╢╨╡ ╨╜╨░╨╖╤Л╨▓╨░╨╡╨╝╤Л╨╣ ╨▓╤В╨╛╤А╨╕╤З╨╜╤Л╨╝ ╤А╤Л╨╜╨║╨╛╨╝, ╨╛╨╜ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨░╨╝ ╤Б╨▓╨╛╨▒╨╛╨┤╨╜╨╛ ╤В╨╛╤А╨│╨╛╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╝╨╕ ╨▒╤Г╨╝╨░╨│╨░╨╝╨╕ ╨▒╨╡╨╖ ╨▓╨╝╨╡╤И╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░ ╤Б╨╛ ╤Б╤В╨╛╤А╨╛╨╜╤Л ╤В╨╡╤Е, ╨║╤В╨╛ ╨╕╤Е ╨▓╤Л╨┐╤Г╤Б╨║╨░╨╡╤В.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡). ╨Я╨╛╤Б╨╗╨╡ ╨╖╨░╨▓╨╡╤А╤И╨╡╨╜╨╕╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨╛╨╜╨░ ╨┤╨╡╨╣╤Б╤В╨▓╤Г╨╡╤В ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤В╤А╨╡╤Е ╨╗╨╡╤В. ╨Т ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤Н╤В╨╛╨│╨╛ ╨┐╨╡╤А╨╕╨╛╨┤╨░ ╤Н╨╝╨╕╤В╨╡╨╜╤В ╨╝╨╛╨╢╨╡╤В ╨┐╤А╨╡╨┤╨╗╨░╨│╨░╤В╤М ╨┐╤А╨╛╨┤╨░╨╢╤Г ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╨╜╨░╤Б╨╡╨╗╨╡╨╜╨╕╤О ╨╗╤О╨▒╨╛╨╡ ╨║╨╛╨╗╨╕╤З╨╡╤Б╤В╨▓╨╛ ╤А╨░╨╖ ╨╜╨░ ╨┐╨╛╤Б╤В╨╛╤П╨╜╨╜╨╛╨╣ ╨╕╨╗╨╕ ╨╛╤В╤Б╤А╨╛╤З╨╡╨╜╨╜╨╛╨╣ ╨╛╤Б╨╜╨╛╨▓╨╡.

╨Ю╨│╨╗╨░╨▓╨╗╨╡╨╜╨╕╨╡

• ╨з╤В╨╛ ╤В╨░╨║╨╛╨╡ ╨┐╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П?
  • ╨Ю╨▒╤К╤П╤Б╨╜╨╡╨╜╨╕╨╡ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨┐╨╛╨╗╨║╨╕
  • ╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П тАУ ╨║╨▓╨░╨╗╨╕╤Д╨╕╨║╨░╤Ж╨╕╨╛╨╜╨╜╤Л╨╡ ╤В╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П
    • #1 тАУ ╨Я╤А╨░╨▓╨╛ ╨╜╨░ ╤Г╤З╨░╤Б╤В╨╕╨╡ ╨▓ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕
    • # 2 — ╨Я╤А╨░╨▓╨╛ ╨╜╨░ ╨┐╨╡╤А╨▓╨╕╤З╨╜╨╛╨╡ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡
      • ╨в╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П ╨║ ╨▓╤Л╨┐╤Г╤Б╨║╤Г ╨╜╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│
      • ╨в╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П ╨║ ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╨┤╨╡╤В╤Б╨║╨╛╨╣ ╨┐╨╛╨╗╨║╨╕
  • ╨в╨╕╨┐╤Л ╨┐╨╛╨╗╨╛╤З╨╜╤Л╤Е ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╣
  • ╨Я╤А╨╕╨╝╨╡╤А╤Л
    • ╨Я╤А╨╕╨╝╨╡╤А тДЦ1
    • ╨Я╤А╨╕╨╝╨╡╤А #2
  • ╨Я╤А╨╡╨╕╨╝╤Г╤Й╨╡╤Б╤В╨▓╨░
  • ╨з╨░╤Б╤В╨╛ ╨╖╨░╨┤╨░╨▓╨░╨╡╨╝╤Л╨╡ ╨▓╨╛╨┐╤А╨╛╤Б╤Л (FAQ)
  • ╨а╨╡╨║╨╛╨╝╨╡╨╜╨┤╤Г╨╡╨╝╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕

╨Ъ╨╗╤О╤З╨╡╨▓╤Л╨╡ ╨▓╤Л╨▓╨╛╨┤╤Л

• ╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕-╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╨┤╨╡╨╗╨░╤В╤М ╨╜╨╡╤Б╨║╨╛╨╗╤М╨║╨╛ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╤Е ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╣ ╨▓ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝, ╨╖╨░╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╨╛╨▓╨░╨▓╤И╨╕╤Б╤М ╨▓ SEC ╨╛╨┤╨╕╨╜ ╤А╨░╨╖. ╨Ю╨┤╨╜╨░╨║╨╛ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤П ╨┤╨╛╨╗╨╢╨╜╤Л ╨▒╤Л╤В╤М ╤Б╨┤╨╡╨╗╨░╨╜╤Л ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤В╤А╨╡╤Е ╨╗╨╡╤В.
• ╨н╤В╨╛ ╨┤╨░╨╡╤В ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╨┐╤А╨░╨▓╨╛ ╨┐╤А╨╕╨▓╨╗╨╡╤З╤М ╨╜╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╤Л╨╣ ╨║╨░╨┐╨╕╤В╨░╨╗ ╤Б ╨╝╨╕╨╜╨╕╨╝╨░╨╗╤М╨╜╤Л╨╝╨╕ ╤Д╨╛╤А╨╝╨░╨╗╤М╨╜╨╛╤Б╤В╤П╨╝╨╕ ╨┐╤А╨╕ ╨╜╨░╨╗╨╕╤З╨╕╨╕ ╨▒╨╗╨░╨│╨╛╨┐╤А╨╕╤П╤В╨╜╤Л╤Е ╤А╤Л╨╜╨╛╤З╨╜╤Л╤Е ╤Г╤Б╨╗╨╛╨▓╨╕╨╣.
• ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨┐╤А╨╡╤В╨╡╨╜╨┤╤Г╤О╤Й╨╕╨╡ ╨╜╨░ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤О ╨╜╨░ ╨┐╨╛╨╗╨║╨╡, ╨╛╨▒╤Л╤З╨╜╨╛ ╨┤╨╛╨╗╨╢╨╜╤Л ╨┐╨╛╨┤╨░╤В╤М ╤Д╨╛╤А╨╝╤Л S-3 ╨╕╨╗╨╕ F-3 ╨▓ SEC ╨▓╨╝╨╡╤Б╤В╨╡ ╤Б ╨▒╨░╨╖╨╛╨▓╤Л╨╝ ╨┐╤А╨╛╤Б╨┐╨╡╨║╤В╨╛╨╝.
• ╨Я╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ ╨╜╨░ ╨┐╨╛╨╗╨║╨╡ ╨╝╨╛╨╢╨╡╤В ╨▒╤Л╤В╤М ╨╜╨╡╨┐╤А╨╡╤А╤Л╨▓╨╜╤Л╨╝ ╨╕╨╗╨╕ ╨╛╤В╤Б╤А╨╛╤З╨╡╨╜╨╜╤Л╨╝. ╨Т ╨┐╨╡╤А╨▓╨╛╨╝ ╤Б╨╗╤Г╤З╨░╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨▓╤Л╨┐╤Г╤Б╨║╨░╤О╤В╤Б╤П ╤Б╤А╨░╨╖╤Г ╨┐╨╛╤Б╨╗╨╡ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕, ╨▓╨╛ ╨▓╤В╨╛╤А╨╛╨╝ тАФ ╤Б ╨╛╤В╤Б╤А╨╛╤З╨║╨╛╨╣.

╨Ю╨▒╤К╤П╤Б╨╜╨╡╨╜╨╕╨╡ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨┐╨╛╨╗╨║╨╕

╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П, ╤В╨░╨║╨╢╨╡ ╨╜╨░╨╖╤Л╨▓╨░╨╡╨╝╨░╤П ╨┐╨╛╨╗╨╛╤З╨╜╤Л╨╝ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡╨╝, ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨▓╤Л╨┐╤Г╤Б╨║╨░╤В╤М ╨╜╨╡╤Б╨║╨╛╨╗╤М╨║╨╛ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤В╤А╨╡╤Е ╨╗╨╡╤В ╨┐╨╛╤Б╨╗╨╡ ╨┐╨╛╨┤╨░╤З╨╕ ╨╛╨┤╨╜╨╛╤А╨░╨╖╨╛╨▓╨╛╨│╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨│╨╛ ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В╨░ ╨▓ SEC. ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╛╨▒╤Л╤З╨╜╨╛ ╨┐╤А╨╕╨▒╨╡╨│╨░╤О╤В ╨║ ╨┐╨╛╨╗╨╛╤З╨╜╨╛╨╝╤Г ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤О, ╨║╨╛╨│╨┤╨░ ╨╜╨╡ ╤Е╨╛╤В╤П╤В ╨┐╤А╨╛╨┤╨░╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨╜╨╡╨╝╨╡╨┤╨╗╨╡╨╜╨╜╨╛, ╨╜╨╛ ╤Е╨╛╤В╤П╤В ╨╛╤Б╤В╨░╨▓╨╕╤В╤М ╨╛╨║╨╜╨╛ ╨▓╨╛╨╖╨╝╨╛╨╢╨╜╨╛╤Б╤В╨╡╨╣ ╨╛╤В╨║╤А╤Л╤В╤Л╨╝.

╨Я╤А╨╛╤Ж╨╡╤Б╤Б ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╤П ╨╜╨░ ╨┐╨╛╨╗╨║╨╡ ╨╜╨░╤З╨╕╨╜╨░╨╡╤В╤Б╤П ╤Б ╨╖╨░╨┐╨╛╨╗╨╜╨╡╨╜╨╕╤П ╤Д╨╛╤А╨╝ S-3 ╨╕╨╗╨╕ F-3 ╨▓╨╝╨╡╤Б╤В╨╡ ╤Б ╨▒╨░╨╖╨╛╨▓╤Л╨╝ ╨┐╤А╨╛╤Б╨┐╨╡╨║╤В╨╛╨╝. ╨Т ╨╛╤Б╨╜╨╛╨▓╨╜╨╛╨╝ ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Л ╨╕╤Б╨┐╨╛╨╗╤М╨╖╤Г╤О╤В ╤Д╨╛╤А╨╝╤Л S3 (╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨╡ ╨╖╨░╤П╨▓╨╗╨╡╨╜╨╕╨╡, ╨┐╨╛╨┤╨┐╨░╨┤╨░╤О╤Й╨╡╨╡ ╨┐╨╛╨┤ ╨┤╨╡╨╣╤Б╤В╨▓╨╕╨╡ ╨Ч╨░╨║╨╛╨╜╨░ ╨╛ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│╨░╤Е 1933 ╨│╨╛╨┤╨░) ╨┐╤А╨╕ ╨┐╨╛╨┤╨░╤З╨╡ ╨╖╨░╤П╨▓╨╛╨║ ╨╜╨░ ╨┐╨╛╨╗╨╛╤З╨╜╤Г╤О ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤О. ╨б ╨┤╤А╤Г╨│╨╛╨╣ ╤Б╤В╨╛╤А╨╛╨╜╤Л, ╤Д╨╛╤А╨╝╤Л F-3 ╨┐╤А╨╕╨│╨╛╨┤╤П╤В╤Б╤П ╨╕╨╜╨╛╤Б╤В╤А╨░╨╜╨╜╤Л╨╝ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╨╝.

╨Я╤А╨╛╤Б╨┐╨╡╨║╤В ╨╛╨▒╤Л╤З╨╜╨╛ ╤Б╨╛╨┤╨╡╤А╨╢╨╕╤В ╨╛╨▒╤Й╤Г╤О ╨╕╨╜╤Д╨╛╤А╨╝╨░╤Ж╨╕╤О, ╤В╨░╨║╤Г╤О тАЛтАЛ╨║╨░╨║ ╤В╨╕╨┐ ╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╤Г╨╡╨╝╤Л╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│, ╨╕╨╜╨▓╨╡╤Б╤В╨╕╤Ж╨╕╨╛╨╜╨╜╤Л╨╡ ╤Ж╨╡╨╗╨╕, ╨┐╨╗╨░╨╜╤Л ╤А╨░╤Б╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╕╤П, ╤А╨╡╨╖╤Г╨╗╤М╤В╨░╤В╤Л ╨┤╨╡╤П╤В╨╡╨╗╤М╨╜╨╛╤Б╤В╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╕ ╨▓╤Б╨╡ ╤А╨╕╤Б╨║╨╕, ╤Б╨▓╤П╨╖╨░╨╜╨╜╤Л╨╡ ╤Б ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╡╨╝. ╨н╤В╨╛ ╨│╨░╤А╨░╨╜╤В╨╕╤А╤Г╨╡╤В, ╤З╤В╨╛ ╨▓╤Б╨╡ ╨▓╨░╨╢╨╜╤Л╨╡ ╤Д╨░╨║╤В╤Л ╨╛ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨▒╤Г╨┤╤Г╤В ╤А╨░╤Б╨║╤А╤Л╤В╤Л ╨▓╨╛ ╨▓╤А╨╡╨╝╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕.

╨Ч╨░╤П╨▓╨╗╨╡╨╜╨╕╨╡ ╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨╛╤В╨┐╤А╨░╨▓╨╗╤П╨╡╤В╤Б╤П ╨▓ SEC ╨┤╨╗╤П ╨╛╨║╨╛╨╜╤З╨░╤В╨╡╨╗╤М╨╜╨╛╨│╨╛ ╤А╨░╤Б╤Б╨╝╨╛╤В╤А╨╡╨╜╨╕╤П. ╨Э╨░ ╨╛╨┤╨╛╨▒╤А╨╡╨╜╨╕╨╡ ╤Г╤Е╨╛╨┤╨╕╤В ╨╜╨╡╤Б╨║╨╛╨╗╤М╨║╨╛ ╨╜╨╡╨┤╨╡╨╗╤М. ╨Ъ╨░╨║ ╤В╨╛╨╗╤М╨║╨╛ SEC ╨┤╨░╨╡╤В ╤Б╨▓╨╛╨╡ ╤Б╨╛╨│╨╗╨░╤Б╨╕╨╡, ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨┐╨╛╨╗╤Г╤З╨░╨╡╤В ╨┐╤А╨░╨▓╨╛ ╨▓╨╖╤П╤В╤М ╤Б╨▓╨╛╨╕ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ┬л╤Б ╨┐╨╛╨╗╨║╨╕┬╗ ╨▓ ╨▒╨╗╨░╨│╨╛╨┐╤А╨╕╤П╤В╨╜╨╛╨╡ ╤А╤Л╨╜╨╛╤З╨╜╨╛╨╡ ╨▓╤А╨╡╨╝╤П. ╨Ю╨╜╨╕ ╨┐╤А╨╛╨▓╨╛╨┤╤П╤В ╨░╨╜╨░╨╗╨╕╨╖ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│, ╤З╤В╨╛╨▒╤Л ╨┐╨╛╨╗╤Г╤З╨╕╤В╤М ╨┐╤А╨╕╨▒╤Л╨╗╤М ╨╛╤В ╨┐╤А╨╛╨┤╨░╨╢╨╕, ╨╕ ╤Н╤В╨╛ ╨┐╨╗╨░╨╜ ╨┤╨╡╨╣╤Б╤В╨▓╨╕╨╣, ╤З╤В╨╛╨▒╤Л ╤Б╨┐╤А╨░╨▓╨╕╤В╤М╤Б╤П ╤Б ╨║╨╛╨╗╨╡╨▒╨░╨╜╨╕╤П╨╝╨╕ ╤А╤Л╨╜╨╛╤З╨╜╤Л╤Е ╤Ж╨╡╨╜. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ╨в╨╡╤Е╨╜╨╕╤З╨╡╤Б╨║╨╕ ╤Н╤В╨╛╤В ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╨╜╨░╨╖╤Л╨▓╨░╨╡╤В╤Б╤П ╤Г╨┤╨░╨╗╨╡╨╜╨╕╨╡╨╝. ╨Ъ╨░╨║ ╤В╨╛╨╗╤М╨║╨╛ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╤Б╨╜╤П╤В╤Л ╤Б ╨┐╨╛╨╗╨║╨╕, ╨╛╨╜╨╕ ╨▓╤Л╨┐╤Г╤Б╨║╨░╤О╤В╤Б╤П ╨┤╨╗╤П ╨┐╤Г╨▒╨╗╨╕╨║╨╕.

╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╤П ╤А╨░╤Б╨║╤А╤Л╨▓╨░╨╡╤В ╨╛╤Б╨╛╨▒╨╡╨╜╨╜╨╛╤Б╤В╨╕, ╤Б╨▓╤П╨╖╨░╨╜╨╜╤Л╨╡ ╤Б ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╡╨╝, ╨▓ ╨┐╤А╨╕╨╗╨╛╨╢╨╡╨╜╨╕╨╕ ╨║ ╨┐╤А╨╛╤Б╨┐╨╡╨║╤В╤Г ╤Н╨╝╨╕╤Б╤Б╨╕╨╕ ╨▓ ╨╝╨╛╨╝╨╡╨╜╤В ╨┐╤А╨╛╨┤╨░╨╢╨╕. ╨Ю╨┤╨╜╨░╨║╨╛ ╨╛╨╜ ╨╝╨╛╨╢╨╡╤В ╨▓╤Л╨┐╤Г╤Б╤В╨╕╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╤Б╤А╨░╨╖╤Г ╨┐╨╛╤Б╨╗╨╡ ╨▓╤Б╤В╤Г╨┐╨╗╨╡╨╜╨╕╤П ╨▓ ╤Б╨╕╨╗╤Г ╨┐╨╛╨╗╨╛╤З╨╜╨╛╨╣ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕, ╨╜╨╡ ╨┤╨╛╨╢╨╕╨┤╨░╤П╤Б╤М ╤А╨░╤Б╤Б╨╝╨╛╤В╤А╨╡╨╜╨╕╤П SEC ╨┤╨╛╨┐╨╛╨╗╨╜╨╕╤В╨╡╨╗╤М╨╜╨╛╨│╨╛ ╨┐╤А╨╛╤Б╨┐╨╡╨║╤В╨░.

╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П тАУ ╨║╨▓╨░╨╗╨╕╤Д╨╕╨║╨░╤Ж╨╕╨╛╨╜╨╜╤Л╨╡ ╤В╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П

#1 тАУ ╨Я╤А╨░╨▓╨╛ ╨╜╨░ ╤Г╤З╨░╤Б╤В╨╕╨╡ ╨▓ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕

╨з╤В╨╛╨▒╤Л ╨╕╨╝╨╡╤В╤М ╨┐╤А╨░╨▓╨╛ ╨╜╨░ ╨┐╨╛╨┤╨░╤З╤Г ╤Д╨╛╤А╨╝╤Л S-3 ╨╕╨╗╨╕ F-3, ╤Н╨╝╨╕╤В╨╡╨╜╤В ╨┤╨╛╨╗╨╢╨╡╨╜:

• ╨Ч╨░╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╤Г╨╣╤В╨╡ ╤Б╨▓╨╛╨╕ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨Ч╨░╨║╨╛╨╜╨╛╨╝ ╨╛ ╨▒╨╕╤А╨╢╨░╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╨╛╤В 1934 ╨│╨╛╨┤╨░ ╨╕╨╗╨╕ ╨┐╨╛╨┤╨░╨▓╨░╨╣╤В╨╡ ╨╛╤В╤З╨╡╤В╤Л ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╤А╨░╨╖╨┤╨╡╨╗╨╛╨╝ 15 (d) ╨Ч╨░╨║╨╛╨╜╨░ ╨╛ ╨▒╨╕╤А╨╢╨░╤Е.
• ╨Я╨╛╨┤╨░╨╗╨╕ ╨╕ ╨╛╨▒╨╜╨╛╨▓╨╕╨╗╨╕ ╨▓╤Б╨╡ ╤Б╨▓╨╛╨╕ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨╛╤В╤З╨╡╤В╤Л ╨╖╨░ ╨┐╨╛╤Б╨╗╨╡╨┤╨╜╨╕╨╡ ╨┤╨▓╨╡╨╜╨░╨┤╤Ж╨░╤В╤М ╨╝╨╡╤Б╤П╤Ж╨╡╨▓ ╨┤╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕.
• ╨Т╤Л╨┐╨╗╨░╤В╨░ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨┤╨╕╨▓╨╕╨┤╨╡╨╜╨┤╨╛╨▓ ╨Ф╨╕╨▓╨╕╨┤╨╡╨╜╨┤╤Л ╨Ф╨╕╨▓╨╕╨┤╨╡╨╜╨┤╤Л ╨╛╤В╨╜╨╛╤Б╤П╤В╤Б╤П ╨║ ╤З╨░╤Б╤В╨╕ ╨┐╤А╨╕╨▒╤Л╨╗╨╕ ╨╛╤В ╨▒╨╕╨╖╨╜╨╡╤Б╨░, ╨▓╤Л╨┐╨╗╨░╤З╨╕╨▓╨░╨╡╨╝╨╛╨╣ ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨░╨╝ ╨▓ ╨║╨░╤З╨╡╤Б╤В╨▓╨╡ ╨▒╨╗╨░╨│╨╛╨┤╨░╤А╨╜╨╛╤Б╤В╨╕ ╨╖╨░ ╨╕╨╜╨▓╨╡╤Б╤В╨╕╤Ж╨╕╨╕ ╨▓ ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨╜╤Л╨╣ ╨║╨░╨┐╨╕╤В╨░╨╗ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡ ╨╕ ╨╜╨╡ ╨╜╨░╤А╤Г╤И╨░╨╗╨╕ ╨┐╨╗╨░╤В╨╡╨╢╨╕ ╨┐╨╛ ╨╖╨░╨╡╨╝╨╜╤Л╨╝ ╤Б╤А╨╡╨┤╤Б╤В╨▓╨░╨╝ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╨┐╨╛╤Б╨╗╨╡╨┤╨╜╨╕╤Е 12 ╨╝╨╡╤Б╤П╤Ж╨╡╨▓ ╨┤╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕.

# 2 — ╨Я╤А╨░╨▓╨╛ ╨╜╨░ ╨┐╨╡╤А╨▓╨╕╤З╨╜╨╛╨╡ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡

╨Ф╨╗╤П ╨┐╨╡╤А╨▓╨╕╤З╨╜╤Л╤Е ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╣ ╤Н╨╝╨╕╤В╨╡╨╜╤В ╨╝╨╛╨╢╨╡╤В ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М ╤Д╨╛╤А╨╝╤Г S-3, ╨╡╤Б╨╗╨╕ ╨╡╨│╨╛ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╨╛╨╡ ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╡ ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В 75 ╨╝╨╕╨╗╨╗╨╕╨╛╨╜╨╛╨▓ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨╕╨╗╨╕ ╨▒╨╛╨╗╨╡╨╡. ╨в╨╡╨╝ ╨╜╨╡ ╨╝╨╡╨╜╨╡╨╡, ╤Н╨╝╨╕╤В╨╡╨╜╤В ╨╝╨╛╨╢╨╡╤В ╨┐╨╛╨┤╨░╤В╤М ╤Д╨╛╤А╨╝╤Г S-3 ╨▒╨╡╨╖ ╨▓╤Л╨┐╨╛╨╗╨╜╨╡╨╜╨╕╤П ╤В╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П ╨╛ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╨╛╨╝ ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╕ ╨▓ ╤А╨░╨╖╨╝╨╡╤А╨╡ 75 ╨╝╨╕╨╗╨╗╨╕╨╛╨╜╨╛╨▓ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓, ╨╡╤Б╨╗╨╕ ╨╛╨╜ ╨▓╤Л╨┐╤Г╤Б╨║╨░╨╡╤В ╨╜╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨╕╨╗╨╕ ╤П╨▓╨╗╤П╨╡╤В╤Б╤П ╤Н╨╝╨╕╤В╨╡╨╜╤В╨╛╨╝ ┬л╨┤╨╡╤В╤Б╨║╨╛╨╣ ╨┐╨╛╨╗╨║╨╕┬╗.

╨в╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П ╨║ ╨▓╤Л╨┐╤Г╤Б╨║╤Г ╨╜╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│

╨Э╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╨▓ ╨╛╤В╨╗╨╕╤З╨╕╨╡ ╨╛╤В ╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│, ╨╜╨╡ ╨┐╤А╨╡╨┤╨╛╤Б╤В╨░╨▓╨╗╤П╤О╤В ╨▓╨╛╨╖╨╝╨╛╨╢╨╜╨╛╤Б╤В╤М ╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╨╛╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨▓ ╨░╨║╤Ж╨╕╨╕ ╨╕╨╗╨╕ ╨░╨║╤Ж╨╕╨╕. ╨Р╨║╤Ж╨╕╨╕. ╨Р╨║╤Ж╨╕╨╕ ╨╛╤В╨╜╨╛╤Б╤П╤В╤Б╤П ╨║ ╤Б╨╛╨▒╤Б╤В╨▓╨╡╨╜╨╜╨╛╤Б╤В╨╕ ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨░ ╨╜╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤О, ╨║╨╛╤В╨╛╤А╨░╤П ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╤П╨╡╤В ╤Б╨╛╨▒╨╛╨╣ ╤Б╤Г╨╝╨╝╤Г, ╨║╨╛╤В╨╛╤А╤Г╤О ╨╛╨╜╨╕ ╨┐╨╛╨╗╤Г╤З╨░╤В ╨┐╨╛╤Б╨╗╨╡ ╨╗╨╕╨║╨▓╨╕╨┤╨░╤Ж╨╕╨╕ ╨░╨║╤В╨╕╨▓╨╛╨▓ ╨╕ ╨┐╨╛╨│╨░╤И╨╡╨╜╨╕╤П ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓ ╨╕ ╨┤╨╛╨╗╨│╨╛╨▓. ╨н╤В╨╛ ╤А╨░╨╖╨╜╨╕╤Ж╨░ ╨╝╨╡╨╢╨┤╤Г ╨░╨║╤В╨╕╨▓╨░╨╝╨╕ ╨╕ ╨┐╨░╤Б╤Б╨╕╨▓╨░╨╝╨╕, ╨╛╤В╤А╨░╨╢╨╡╨╜╨╜╤Л╨╝╨╕ ╨▓ ╨▒╨░╨╗╨░╨╜╤Б╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ╨з╤В╨╛╨▒╤Л ╨╕╨╝╨╡╤В╤М ╨┐╤А╨░╨▓╨╛ ╤А╨░╨╖╨╝╨╡╤Й╨░╤В╤М ╨╜╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╤Н╨╝╨╕╤В╨╡╨╜╤В ╨┤╨╛╨╗╨╢╨╡╨╜:

• ╨Т╨╗╨╛╨╢╨╕╨╗╨╕ ╨╜╨╡ ╨╝╨╡╨╜╨╡╨╡ 1 ╨╝╨╕╨╗╨╗╨╕╨░╤А╨┤╨░ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨▓ ╨╜╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╨╡ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨╖╨░ 60 ╨┤╨╜╨╡╨╣ ╨┤╨╛ ╨╖╨░╨┐╨╛╨╗╨╜╨╡╨╜╨╕╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨╣ ╤Д╨╛╤А╨╝╤Л.
• ╨Я╨╛╨┤╨┤╨╡╤А╨╢╨╕╨▓╨░╤В╤М ╨╛╤Ж╨╡╨╜╨║╤Г ╨╜╨╡╨║╨╛╨╜╨▓╨╡╤А╤В╨╕╤А╤Г╨╡╨╝╤Л╤Е ╨╕╤Б╤В╨╛╤З╨╜╨╕╨║╨╛╨▓ ╨╜╨╡ ╨╝╨╡╨╜╨╡╨╡ 750 ╨╝╨╕╨╗╨╗╨╕╨╛╨╜╨╛╨▓ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ (╨║╤А╨╛╨╝╨╡ ╨╛╨▒╤Л╨║╨╜╨╛╨▓╨╡╨╜╨╜╤Л╤Е ╨░╨║╤Ж╨╕╨╣) ╨╖╨░ 60 ╨┤╨╜╨╡╨╣ ╨┤╨╛ ╨┐╨╛╨┤╨░╤З╨╕ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╛╨╜╨╜╨╛╨╣ ╤Д╨╛╤А╨╝╤Л ╨╜╨░ ╨┐╨╛╨╗╨║╨╡.
• ╨С╤Г╨┤╤М╤В╨╡ ╤Б╨▓╤П╨╖╨░╨╜╤Л ╤Б ╨╕╨╖╨▓╨╡╤Б╤В╨╜╤Л╨╝ ╨╛╨┐╤Л╤В╨╜╤Л╨╝ ╤Н╨╝╨╕╤В╨╡╨╜╤В╨╛╨╝.

╨в╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П ╨║ ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╨┤╨╡╤В╤Б╨║╨╛╨╣ ╨┐╨╛╨╗╨║╨╕

╨Ь╨╜╨╛╨│╨╕╨╡ ╨╝╨╡╨╗╨║╨╕╨╡ ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Л ╨╜╨╡ ╨╝╨╛╨│╤Г╤В ╨┐╨╛╨╖╨▓╨╛╨╗╨╕╤В╤М ╤Б╨╡╨▒╨╡ ╤А╨╛╤Б╨║╨╛╤И╤М ╤В╨░╨║╨╛╨╣ ╨╛╨│╤А╨╛╨╝╨╜╨╛╨╣ ╤А╤Л╨╜╨╛╤З╨╜╨╛╨╣ ╨║╨░╨┐╨╕╤В╨░╨╗╨╕╨╖╨░╤Ж╨╕╨╕. ╨а╤Л╨╜╨╛╤З╨╜╨░╤П ╨║╨░╨┐╨╕╤В╨░╨╗╨╕╨╖╨░╤Ж╨╕╤П ╨а╤Л╨╜╨╛╤З╨╜╨░╤П ╨║╨░╨┐╨╕╤В╨░╨╗╨╕╨╖╨░╤Ж╨╕╤П тАФ ╤Н╤В╨╛ ╤А╤Л╨╜╨╛╤З╨╜╨░╤П ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╤М ╨░╨║╤Ж╨╕╨╣ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨╜╨░╤Е╨╛╨┤╤П╤Й╨╕╤Е╤Б╤П ╨▓ ╨╛╨▒╤А╨░╤Й╨╡╨╜╨╕╨╕. ╨Ю╨╜ ╤А╨░╤Б╤Б╤З╨╕╤В╤Л╨▓╨░╨╡╤В╤Б╤П ╨║╨░╨║ ╨┐╤А╨╛╨╕╨╖╨▓╨╡╨┤╨╡╨╜╨╕╨╡ ╨╛╨▒╤Й╨╡╨│╨╛ ╨║╨╛╨╗╨╕╤З╨╡╤Б╤В╨▓╨░ ╨░╨║╤Ж╨╕╨╣ ╨▓ ╨╛╨▒╤А╨░╤Й╨╡╨╜╨╕╨╕ ╨╕ ╤Ж╨╡╨╜╤Л ╨║╨░╨╢╨┤╨╛╨╣ ╨░╨║╤Ж╨╕╨╕.╨Я╨╛╨┤╤А╨╛╨▒╨╜╨╡╨╡. ╨н╨╝╨╕╤В╨╡╨╜╤В╤Л ╨┤╨╡╤В╤Б╨║╨╛╨╣ ╨┐╨╛╨╗╨║╨╕ тАФ ╤Н╤В╨╛ ╨╜╨╡╨▒╨╛╨╗╤М╤И╨╕╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╤З╤М╤П ╤А╤Л╨╜╨╛╤З╨╜╨░╤П ╤Б╤В╨╛╨╕╨╝╨╛╤Б╤В╤М ╤Б╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╤В ╨╝╨╡╨╜╨╡╨╡ ╤Б╤В╨░╨╜╨┤╨░╤А╤В╨╜╤Л╤Е 75 ╨╝╨╕╨╗╨╗╨╕╨╛╨╜╨╛╨▓ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓. ╨Ш╨╝ ╨╜╨╡╨╛╨▒╤Е╨╛╨┤╨╕╨╝╨╛ ╨▓╤Л╨┐╨╛╨╗╨╜╨╕╤В╤М ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╤Л╨╡ ╤В╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П, ╤З╤В╨╛╨▒╤Л ╨▓╨╛╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М╤Б╤П ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤П╨╝╨╕ ╨╜╨░ ╨┐╨╛╨╗╨║╨░╤Е.

• ╨н╨╝╨╕╤В╨╡╨╜╤В╤Л ╨╜╨╡ ╨┤╨╛╨╗╨╢╨╜╤Л ╨▒╤Л╤В╤М ╨▓ ╤Б╨┐╨╕╤Б╨║╨╡ ╨┐╨╛╨┤╤Б╤В╨░╨▓╨╜╤Л╤Е ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╣ ╨┤╨╛ ╨╕╤Б╤В╨╡╤З╨╡╨╜╨╕╤П ╨│╨╛╨┤╨░ ╤Б ╨╝╨╛╨╝╨╡╨╜╤В╨░ ╨┐╨╛╨┤╨░╤З╨╕ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╛╨╜╨╜╤Л╤Е ╤Д╨╛╤А╨╝.
• ╨г ╨╜╨╕╤Е ╨┤╨╛╨╗╨╢╨╡╨╜ ╨▒╤Л╤В╤М ╨║╨╗╨░╤Б╤Б ╨╛╨▒╤Л╨║╨╜╨╛╨▓╨╡╨╜╨╜╤Л╤Е ╨░╨║╤Ж╨╕╨╣, ╨║╨╛╤В╨╕╤А╤Г╤О╤Й╨╕╤Е╤Б╤П ╨╜╨░ ╨╜╨░╤Ж╨╕╨╛╨╜╨░╨╗╤М╨╜╨╛╨╣ ╤Д╨╛╨╜╨┤╨╛╨▓╨╛╨╣ ╨▒╨╕╤А╨╢╨╡ ╤Б╤В╤А╨░╨╜╤Л.
• ╨Ю╨╜╨╕ ╨╜╨╡ ╨┤╨╛╨╗╨╢╨╜╤Л ╨┐╤А╨╛╨┤╨░╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨╜╨░ ╤Б╤Г╨╝╨╝╤Г ╨▒╨╛╨╗╨╡╨╡ ╨╛╨┤╨╜╨╛╨╣ ╤В╤А╨╡╤В╨╕ ╨╕╤Е ╨┐╤Г╨▒╨╗╨╕╤З╨╜╨╛╨│╨╛ ╨╛╨▒╤А╨░╤Й╨╡╨╜╨╕╤П ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╨│╨╛╨┤╨░ ╨┐╨╛╤Б╨╗╨╡ ╨╕╤Е ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕.

╨в╨╕╨┐╤Л ╨┐╨╛╨╗╨╛╤З╨╜╤Л╤Е ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╣

1. ╨Э╨╡╨┐╤А╨╡╤А╤Л╨▓╨╜╨╛╨╡ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ тАУ ╨С╨╗╨░╨│╨╛╨┤╨░╤А╤П ╨╜╨╡╨┐╤А╨╡╤А╤Л╨▓╨╜╨╛╨╝╤Г ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤О ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Л ╨╝╨╛╨│╤Г╤В ╨┐╤А╨╡╨┤╨╗╨░╨│╨░╤В╤М ╤Б╨▓╨╛╨╕ ╨░╨║╤Ж╨╕╨╕ ╤Б╤А╨░╨╖╤Г ╨┐╨╛╤Б╨╗╨╡ ╨╖╨░╨▓╨╡╤А╤И╨╡╨╜╨╕╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕. ╨Я╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ ╨╛╤Б╤В╨░╨╡╤В╤Б╤П ╨▓ ╤Б╨╕╨╗╨╡ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤В╤А╨╡╤Е╨╗╨╡╤В╨╜╨╡╨│╨╛ ╨┐╨╡╤А╨╕╨╛╨┤╨░ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕. ╨Т ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤Н╤В╨╛╨│╨╛ ╨┐╨╡╤А╨╕╨╛╨┤╨░ ╤Н╨╝╨╕╤В╨╡╨╜╤В ╨╝╨╛╨╢╨╡╤В ╨┐╨╡╤А╨╕╨╛╨┤╨╕╤З╨╡╤Б╨║╨╕ ╨┐╤А╨╛╨┤╨░╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕. ╨Ю╨┤╨╜╨░╨║╨╛ ╨╛╨▒╤А╨░╤В╨╕╤В╨╡ ╨▓╨╜╨╕╨╝╨░╨╜╨╕╨╡, ╤З╤В╨╛ ╨╜╨╡╨┐╤А╨╡╤А╤Л╨▓╨╜╨╛╤Б╤В╤М ╨╛╨│╤А╨░╨╜╨╕╤З╨╕╨▓╨░╨╡╤В╤Б╤П ╤В╨╛╨╗╤М╨║╨╛ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡╨╝ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│, ╨░ ╨╜╨╡ ╨╕╤Е ╨┐╤А╨╛╨┤╨░╨╢╨╡╨╣.
2. ╨Ю╤В╤Б╤А╨╛╤З╨╡╨╜╨╜╨╛╨╡ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ тАУ ╨Я╤А╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╝ ╤А╨░╨╖╨╝╨╡╤Й╨╡╨╜╨╕╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П-╤Н╨╝╨╕╤В╨╡╨╜╤В ╤Г╨┤╨╡╤А╨╢╨╕╨▓╨░╨╡╤В ╤Б╨▓╨╛╨╕ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╨░ ╨╜╨╡ ╨┐╤А╨╡╨┤╨╗╨░╨│╨░╨╡╤В ╨╕╤Е ╤Б╤А╨░╨╖╤Г ╨┐╨╛╤Б╨╗╨╡ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕. ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╤П ╨╝╨╛╨╢╨╡╤В ╨┐╤А╨╕╨╜╤П╤В╤М ╤А╨╡╤И╨╡╨╜╨╕╨╡ ╨╛ ╨▓╤Л╨┐╤Г╤Б╨║╨╡ ╤Б╨▓╨╛╨╕╤Е ╨░╨║╤Ж╨╕╨╣ ╨╜╨░ ╤А╤Л╨╜╨║╨╡ ╨▓ ╨╗╤О╨▒╨╛╨╡ ╨▓╤А╨╡╨╝╤П ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤В╤А╨╡╤Е ╨╗╨╡╤В. ╨Ю╨┤╨╜╨░╨║╨╛ ╨┐╤А╨╕ ╨╛╤В╨╗╨╛╨╢╨╡╨╜╨╜╨╛╨╝ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╕ ╨╛╨▒╤Л╤З╨╜╨╛ ╤В╤А╨╡╨▒╤Г╨╡╤В╤Б╤П ╨▒╨╛╨╗╤М╤И╨╡ ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В╨╛╨▓, ╤З╨╡╨╝ ╨┐╤А╨╕ ╨┐╨╛╤Б╤В╨╛╤П╨╜╨╜╨╛╨╝ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╕.

╨Я╤А╨╕╨╝╨╡╤А╤Л

╨Я╤А╨╕╨╝╨╡╤А тДЦ1

╨Э╨░╨┐╤А╨╕╨╝╨╡╤А, ╨╖╨░╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╨╛╨▓╨░╨╜╨╜╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ABC ╤Е╨╛╤З╨╡╤В ╤Б╨╛╨▒╤А╨░╤В╤М 1 000 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨┤╨╗╤П ╤Д╨╕╨╜╨░╨╜╤Б╨╕╤А╨╛╨▓╨░╨╜╨╕╤П ╤Б╨▓╨╛╨╡╨│╨╛ ╨╜╨╛╨▓╨╛╨│╨╛ ╨┐╤А╨╛╨╡╨║╤В╨░. ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╤П ╨┐╨╗╨░╨╜╨╕╤А╤Г╨╡╤В ╨┐╤А╨╕╨▓╨╗╨╡╤З╤М ╨║╨░╨┐╨╕╤В╨░╨╗ ╨╖╨░ ╤Б╤З╨╡╤В ╨▓╤Л╨┐╤Г╤Б╨║╨░ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│:

• 5000 ╨░╨║╤Ж╨╕╨╣
• 2500 ╨╛╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╣
• 2500 ╨╛╤А╨┤╨╡╤А╨╛╨▓

╨Я╨╛╨╖╨╢╨╡ ╨╛╨╜ ╨┐╨╛╨╜╨╕╨╝╨░╨╡╤В, ╤З╤В╨╛ ╨┤╨╡╨╜╨╡╨│, ╨┐╨╛╨╗╤Г╤З╨╡╨╜╨╜╤Л╤Е ╨╛╤В ╨┐╤А╨╛╨┤╨░╨╢╨╕ ╤Н╤В╨╕╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│, ╨▒╤Г╨┤╨╡╤В ╨╜╨░╨╝╨╜╨╛╨│╨╛ ╨▒╨╛╨╗╤М╤И╨╡, ╤З╨╡╨╝ ╨╡╨╝╤Г ╤В╤А╨╡╨▒╤Г╨╡╤В╤Б╤П, ╨╕ ╨┐╨╗╨░╨╜╨╕╤А╤Г╨╡╤В ╨┐╤А╨╛╨┤╨░╤В╤М ╤В╨╛╨╗╤М╨║╨╛ 3000 ╨░╨║╤Ж╨╕╨╣ ╨╕ 2500 ╨╛╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╣. ╨Ю╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╕ ╨Ю╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╕ ╨╛╤В╨╜╨╛╤Б╤П╤В╤Б╤П ╨║ ╨┤╨╛╨╗╨│╨╛╨▓╤Л╨╝ ╨╕╨╜╤Б╤В╤А╤Г╨╝╨╡╨╜╤В╨░╨╝, ╨▓╤Л╨┐╤Г╤Й╨╡╨╜╨╜╤Л╨╝ ╨┐╤А╨░╨▓╨╕╤В╨╡╨╗╤М╤Б╤В╨▓╨░╨╝╨╕ ╨╕╨╗╨╕ ╨║╨╛╤А╨┐╨╛╤А╨░╤Ж╨╕╤П╨╝╨╕ ╨┤╨╗╤П ╨┐╤А╨╕╨╛╨▒╤А╨╡╤В╨╡╨╜╨╕╤П ╤Б╤А╨╡╨┤╤Б╤В╨▓ ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨╛╨▓ ╨╜╨░ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╤Л╨╣ ╨┐╨╡╤А╨╕╨╛╨┤. ╤З╨╕╤В╨░╤В╤М ╨┤╨░╨╗╤М╤И╨╡ ╨┐╨╛╨║╨░.

╨в╨╡╨╝ ╨╜╨╡ ╨╝╨╡╨╜╨╡╨╡, ABC ╤З╤Г╨▓╤Б╤В╨▓╤Г╨╡╤В, ╤З╤В╨╛ ╨▓ ╨▒╨╗╨╕╨╢╨░╨╣╤И╨╡╨╝ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝ ╨╛╨╜╨░ ╨╝╨╛╨╢╨╡╤В ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╤М ╨╛╤Б╤В╨░╨▓╤И╨╕╨╡╤Б╤П ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╤З╤В╨╛╨▒╤Л ╨┐╨╛╨╗╤Г╤З╨╕╤В╤М ╨▒╨╛╨╗╤М╤И╨╡ ╨┤╨╡╨╜╨╡╨│. ╨Я╨╛╨╜╨╕╨╝╨░╤П ╤Н╤В╨╛, ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╨┐╨╛╨┤╨░╨╡╤В ╨╖╨░╤П╨▓╨║╤Г ╨╜╨░ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤О ╨▓ SEC ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨┐╤А╨░╨▓╨╕╨╗╨╛╨╝ 415, ╤З╤В╨╛ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨╡╨╣ ╨┐╤А╨╛╨┤╨░╨▓╨░╤В╤М ╨╜╨╡╤Б╨║╨╛╨╗╤М╨║╨╛ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ ╨▓ ╤А╨░╨╖╨╜╤Л╨╡ ╨╝╨╛╨╝╨╡╨╜╤В╤Л ╨▓╤А╨╡╨╝╨╡╨╜╨╕.

ABC ╨┐╨╛╨┤╨░╨╡╤В ╨╖╨░╤П╨▓╨╗╨╡╨╜╨╕╨╡ ╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨┐╨╛╨╗╨║╨╕ (╤Д╨╛╤А╨╝╨░ S-3) ╤Б ╨▒╨░╨╖╨╛╨▓╤Л╨╝ ╨┐╤А╨╛╤Б╨┐╨╡╨║╤В╨╛╨╝ ╨╜╨░ 3000 ╨░╨║╤Ж╨╕╨╣ ╨╕ 2500 ╨╛╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╣. ╨н╤В╨╛ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ABC ╨┐╤А╨╛╨┤╨░╤В╤М 3000 ╨░╨║╤Ж╨╕╨╣ ╨╕ 2500 ╨╛╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╣ ╤Б╨╡╨╣╤З╨░╤Б, ╨░ ╨╛╤Б╤В╨░╨▓╤И╨╕╨╡╤Б╤П 4500 ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│ тАФ ╨▓ ╨╗╤О╨▒╨╛╨╡ ╨▓╤А╨╡╨╝╤П ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╤В╤А╨╡╤Е ╨╗╨╡╤В.

╨Я╤А╨╕╨╝╨╡╤А #2

╨Т ╨╕╤О╨╗╨╡ 2021 ╨│╨╛╨┤╨░ ╨║╨░╨╜╨░╨┤╤Б╨║╨╕╨╣ ╨│╨╕╨│╨░╨╜╤В ╤Н╨╗╨╡╨║╤В╤А╨╛╨╜╨╜╨╛╨╣ ╨║╨╛╨╝╨╝╨╡╤А╤Ж╨╕╨╕ Shopify ╨┐╨╛╨┤╨░╨╗╨░ ╨▓ SEC ╤Б╨╝╨╡╤И╨░╨╜╨╜╨╛╨╡ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ ╨╜╨░ ╨┐╨╛╨╗╨║╤Г ╨╜╨░ ╤Б╤Г╨╝╨╝╤Г 10 ╨╝╨╕╨╗╨╗╨╕╨░╤А╨┤╨╛╨▓ ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓. ╨Я╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ ╨▒╤Л╨╗╨╛ ╤Б╤А╨╡╨┤╤Б╤В╨▓╨╛╨╝ ╨┐╤А╨╕╨▓╨╗╨╡╤З╨╡╨╜╨╕╤П ╤Б╤А╨╡╨┤╤Б╤В╨▓ ╨┐╤Г╤В╨╡╨╝ ╨▓╤Л╨┐╤Г╤Б╨║╨░ ╨┤╨╛╨╗╨│╨╛╨▓╤Л╤Е ╨╕ ╨┤╨╛╨╗╨╡╨▓╤Л╤Е ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│. ╨Ъ╨╛╨╝╨┐╨░╨╜╨╕╤П ╨╕╤Б╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╨╗╨░ ╨▓╤Л╤А╤Г╤З╨║╤Г ╨╛╤В ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤П ╨┤╨╗╤П ╤Г╨║╤А╨╡╨┐╨╗╨╡╨╜╨╕╤П ╤Б╨▓╨╛╨╡╨│╨╛ ╨▒╨░╨╗╨░╨╜╤Б╨░╨С╨░╨╗╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨╛╤В╤З╨╡╤В╨С╨░╨╗╨░╨╜╤Б╨╛╨▓╤Л╨╣ ╨╛╤В╤З╨╡╤В тАФ ╤Н╤В╨╛ ╨╛╨┤╨╕╨╜ ╨╕╨╖ ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╤Е ╨╛╤В╤З╨╡╤В╨╛╨▓ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕, ╨▓ ╨║╨╛╤В╨╛╤А╨╛╨╝ ╨┐╤А╨╡╨┤╤Б╤В╨░╨▓╨╗╨╡╨╜╤Л ╨░╨║╤Ж╨╕╨╛╨╜╨╡╤А╨╜╤Л╨╣ ╨║╨░╨┐╨╕╤В╨░╨╗, ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░ ╨╕ ╨░╨║╤В╨╕╨▓╤Л ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨╜╨░ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╤Л╨╣ ╨╝╨╛╨╝╨╡╨╜╤В ╨▓╤А╨╡╨╝╨╡╨╜╨╕. ╨Ю╨╜ ╨╛╤Б╨╜╨╛╨▓╨░╨╜ ╨╜╨░ ╤Г╤А╨░╨▓╨╜╨╡╨╜╨╕╨╕ ╨▒╤Г╤Е╨│╨░╨╗╤В╨╡╤А╤Б╨║╨╛╨│╨╛ ╤Г╤З╨╡╤В╨░, ╨║╨╛╤В╨╛╤А╨╛╨╡ ╨│╨╗╨░╤Б╨╕╤В, ╤З╤В╨╛ ╤Б╤Г╨╝╨╝╨░ ╨╛╨▒╤Й╨╕╤Е ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓ ╨╕ ╨║╨░╨┐╨╕╤В╨░╨╗╨░ ╨▓╨╗╨░╨┤╨╡╨╗╤М╤Ж╨░ ╤А╨░╨▓╨╜╨░ ╨╛╨▒╤Й╨╕╨╝ ╨░╨║╤В╨╕╨▓╨░╨╝ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨г╨╖╨╜╨░╨╣╤В╨╡ ╨▒╨╛╨╗╤М╤И╨╡ ╨╕ ╨┐╤А╨╛╨┤╨▓╨╕╨│╨░╨╣╤В╨╡ ╤Б╨▓╨╛╨╕ ╤Б╤В╤А╨░╤В╨╡╨│╨╕╨╕ ╤А╨╛╤Б╤В╨░. ╨Ъ ╨║╨╛╨╜╤Ж╤Г 2021 ╨│╨╛╨┤╨░ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╤Б╨╛╨╛╨▒╤Й╨╕╨╗╨░ ╨╛ ╨╖╨╜╨░╤З╨╕╤В╨╡╨╗╤М╨╜╨╛╨╝ ╤Г╨▓╨╡╨╗╨╕╤З╨╡╨╜╨╕╨╕ ╨╛╨▒╤Й╨╡╨╣ ╨▓╤Л╤А╤Г╤З╨║╨╕ ╨╜╨░ 57% ╨╕ ╨╡╤Й╨╡ ╨▒╨╛╨╗╨╡╨╡ ╨▓╨┐╨╡╤З╨░╤В╨╗╤П╤О╤Й╨╡╨╝ ╤А╨╛╤Б╤В╨╡ ╨▓╨░╨╗╨╛╨▓╨╛╨╣ ╨┐╤А╨╕╨▒╤Л╨╗╨╕ ╨╜╨░ 61% ╨┐╨╛ ╤Б╤А╨░╨▓╨╜╨╡╨╜╨╕╤О ╤Б 2020 ╨│╨╛╨┤╨╛╨╝.

╨Я╤А╨╡╨╕╨╝╤Г╤Й╨╡╤Б╤В╨▓╨░

1. ╨Я╨╛╨╗╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╤Б╨▓╨╛╨╕╨╝ ╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╨╡╨╗╤П╨╝ ╨┐╨╛╨╗╤Г╤З╨╕╤В╤М ╨┤╨╛╤Б╤В╤Г╨┐ ╨║ ╤А╤Л╨╜╨║╨░╨╝ ╨║╨░╨┐╨╕╤В╨░╨╗╨░╨а╤Л╨╜╨║╨╕ ╨║╨░╨┐╨╕╤В╨░╨╗╨░╨а╤Л╨╜╨╛╨║ ╨║╨░╨┐╨╕╤В╨░╨╗╨░ тАФ ╤Н╤В╨╛ ╨╝╨╡╤Б╤В╨╛, ╨│╨┤╨╡ ╨┐╨╛╨║╤Г╨┐╨░╤В╨╡╨╗╨╕ ╨╕ ╨┐╤А╨╛╨┤╨░╨▓╤Ж╤Л ╨▓╨╖╨░╨╕╨╝╨╛╨┤╨╡╨╣╤Б╤В╨▓╤Г╤О╤В ╨╕ ╤В╨╛╤А╨│╤Г╤О╤В ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╝╨╕ ╤Ж╨╡╨╜╨╜╤Л╨╝╨╕ ╨▒╤Г╨╝╨░╨│╨░╨╝╨╕, ╤В╨░╨║╨╕╨╝╨╕ ╨║╨░╨║ ╨┤╨╛╨╗╨│╨╛╨▓╤Л╨╡ ╨╛╨▒╤П╨╖╨░╤В╨╡╨╗╤М╤Б╤В╨▓╨░, ╨░╨║╤Ж╨╕╨╕, ╨┤╨╛╨╗╨│╨╛╨▓╤Л╨╡ ╨╕╨╜╤Б╤В╤А╤Г╨╝╨╡╨╜╤В╤Л, ╨╛╨▒╨╗╨╕╨│╨░╤Ж╨╕╨╕ ╨╕ ╨┐╤А╨╛╨╕╨╖╨▓╨╛╨┤╨╜╤Л╨╡ ╨╕╨╜╤Б╤В╤А╤Г╨╝╨╡╨╜╤В╤Л, ╤В╨░╨║╨╕╨╡ ╨║╨░╨║ ╤Д╤М╤О╤З╨╡╤А╤Б╤Л, ╨╛╨┐╤Ж╨╕╨╛╨╜╤Л, ╤Б╨▓╨╛╨┐╤Л, ╨╕ ╨▒╨╕╤А╨╢╨╡╨▓╤Л╨╡ ╤Д╨╛╨╜╨┤╤Л (ETF). ╨б╤Г╤Й╨╡╤Б╤В╨▓╤Г╨╡╤В ╨┤╨▓╨░ ╨▓╨╕╨┤╨░ ╤А╤Л╨╜╨║╨╛╨▓: ╨┐╨╡╤А╨▓╨╕╤З╨╜╤Л╨╡ ╤А╤Л╨╜╨║╨╕ ╨╕ ╨▓╤В╨╛╤А╨╕╤З╨╜╤Л╨╡ ╤А╤Л╨╜╨║╨╕. ╨г╨╖╨╜╨░╨╣╤В╨╡ ╨▒╨╛╨╗╤М╤И╨╡ ╤Б╤А╨░╨╖╤Г, ╨║╨╛╨│╨┤╨░ ╤А╤Л╨╜╨╛╤З╨╜╤Л╨╡ ╤Г╤Б╨╗╨╛╨▓╨╕╤П ╨▒╨╗╨░╨│╨╛╨┐╤А╨╕╤П╤В╨╜╤Л ╨┤╨╗╤П ╨╜╨╕╤Е.
2. ╨н╤В╨╛ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╤Г╨┐╨╛╨╗╨╜╨╛╨╝╨╛╤З╨╡╨╜╨╜╤Л╨╝ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╨╝ ╤Н╤Д╤Д╨╡╨║╤В╨╕╨▓╨╜╨╛ ╤Г╨┐╤А╨░╨▓╨╗╤П╤В╤М ╤Б╨▓╨╛╨╕╨╝ ╨║╨░╨┐╨╕╤В╨░╨╗╨╛╨╝. ╨Э╨░╨┐╤А╨╕╨╝╨╡╤А, ╨╖╨░╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╨╛╨▓╨░╨╜╨╜╨░╤П ╨╜╨░ ╨┐╨╛╨╗╨║╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П ╤Б ╨░╨║╤Ж╨╕╤П╨╝╨╕ ╨╜╨░ 10 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╨╝╨╛╨╢╨╡╤В ╤А╨╡╤И╨╕╤В╤М ╨┐╤А╨╛╨┤╨░╤В╤М ╨░╨║╤Ж╨╕╨╕ ╨╜╨░ 4 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╤Б╨╡╨╣╤З╨░╤Б, ╨░ ╨╛╤Б╤В╨░╨╗╤М╨╜╤Л╨╡ 6 000 ╨┤╨╛╨╗╨╗╨░╤А╨╛╨▓ ╤З╨╡╤А╨╡╨╖ ╨┤╨▓╨░ ╨│╨╛╨┤╨░, ╨╡╤Б╨╗╨╕ ╨╛╨╜╨░ ╨╜╨╡ ╤Е╨╛╤З╨╡╤В ╨┐╨╛╨╗╤Г╤З╨╕╤В╤М ╨▓╤Б╨╡ ╨┤╨╡╨╜╤М╨│╨╕ ╤Б╤А╨░╨╖╤Г.
3. ╨н╤В╨╛ ╨╛╨┤╨╜╨╛╤Н╤В╨░╨┐╨╜╤Л╨╣ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕, ╤Б╨▓╨╛╨▒╨╛╨┤╨╜╤Л╨╣ ╨╛╤В ╨╝╨╜╨╛╨│╨╛╤Г╤А╨╛╨▓╨╜╨╡╨▓╤Л╤Е ╨┐╤А╨╛╨▒╨╗╨╡╨╝ ╤Б ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В╨░╤Ж╨╕╨╡╨╣, ╨▒╤Г╨╝╨░╨╢╨╜╨╛╨╣ ╤А╨░╨▒╨╛╤В╨╛╨╣ ╨╕ ╤В╨╡╤Е╨╜╨╕╤З╨╡╤Б╨║╨╕╨╝╨╕ ╨╖╨░╨║╨╛╨╜╨░╨╝╨╕.
4. ╨Ю╨╜ ╨╛╨▒╨╡╤Б╨┐╨╡╤З╨╕╨▓╨░╨╡╤В ╨║╨╛╨╜╤В╤А╨╛╨╗╤М ╨╖╨░ ╨┐╨╛╤Б╤В╨░╨▓╨║╨╛╨╣ ╨░╨║╤Ж╨╕╨╣ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕-╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г. ╨н╤В╨╛ ╨┤╨░╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╨▓╨╛╨╖╨╝╨╛╨╢╨╜╨╛╤Б╤В╤М ╨╝╨░╨╜╨╕╨┐╤Г╨╗╨╕╤А╨╛╨▓╨░╤В╤М ╤Ж╨╡╨╜╨░╨╝╨╕ ╨╜╨░ ╤Б╨▓╨╛╨╕ ╨░╨║╤Ж╨╕╨╕.
5. ╨Ш╨╜╨▓╨╡╤Б╤В╨╛╤А╤Л ╨╛╨▒╤Л╤З╨╜╨╛ ╨┤╨╛╨▓╨╡╤А╤П╤О╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П╨╝. ╨в╤А╨░╤Б╤В╨╛╨▓╤Л╨╡ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕. ╨в╤А╨░╤Б╤В╨╛╨▓╨░╤П ╨║╨╛╨╝╨┐╨░╨╜╨╕╤П тАФ ╤Н╤В╨╛ ╤О╤А╨╕╨┤╨╕╤З╨╡╤Б╨║╨╛╨╡ ╨╛╨▒╤А╨░╨╖╨╛╨▓╨░╨╜╨╕╨╡, ╤Б╨╛╨╖╨┤╨░╨╜╨╜╨╛╨╡ ╨╕╨╗╨╕ ╨▓╤Л╨▒╤А╨░╨╜╨╜╨╛╨╡ ╨┤╨╛╨▓╨╡╤А╨╕╤В╨╡╨╗╨╡╨╝ (╤Д╨╕╨╖╨╕╤З╨╡╤Б╨║╨╕╨╝ ╨╕╨╗╨╕ ╤О╤А╨╕╨┤╨╕╤З╨╡╤Б╨║╨╕╨╝ ╨╗╨╕╤Ж╨╛╨╝) ╨┤╨╗╤П ╤Г╨┐╤А╨░╨▓╨╗╨╡╨╜╨╕╤П ╨░╨║╤В╨╕╨▓╨░╨╝╨╕ ╨╕ ╨▒╨╛╨│╨░╤В╤Б╤В╨▓╨╛╨╝ ╨▓ ╤В╨╡╤З╨╡╨╜╨╕╨╡ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╜╨╛╨│╨╛ ╨┐╨╡╤А╨╕╨╛╨┤╨░. ╨Т ╨╖╨░╨▓╨╕╤Б╨╕╨╝╨╛╤Б╤В╨╕ ╨╛╤В ╤Ж╨╡╨╗╨╕ ╨╛╨▒╤А╨░╨▒╨╛╤В╨║╨╕ ╨╕ ╤А╨░╤Б╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╕╤П ╨░╨║╤В╨╕╨▓╨╛╨▓ ╨╕ ╨╜╨░╤Б╨╗╨╡╨┤╤Б╤В╨▓╨░ ╨▒╨╡╨╜╨╡╤Д╨╕╤Ж╨╕╨░╤А╨░╨╝, ╨╛╨╜ ╨╝╨╛╨╢╨╡╤В ╤А╨░╨▒╨╛╤В╨░╤В╤М ╨▓ ╨║╨░╤З╨╡╤Б╤В╨▓╨╡ ╨┤╨╛╨▓╨╡╤А╨╡╨╜╨╜╨╛╨│╨╛ ╨╗╨╕╤Ж╨░, ╨┤╨╛╨▓╨╡╤А╨╕╤В╨╡╨╗╤М╨╜╨╛╨│╨╛ ╤Г╨┐╤А╨░╨▓╨╗╤П╤О╤Й╨╡╨│╨╛, ╨┐╨╛╨┐╨╡╤З╨╕╤В╨╡╨╗╤П ╨╕╨╗╨╕ ╨░╨│╨╡╨╜╤В╨░. ╨з╨╕╤В╨░╤В╤М ╨┤╨░╨╗╨╡╨╡ ╨╕╨┤╨╡╤В ╨╜╨░ ╨┐╨╛╨╗╨╛╤З╨╜╨╛╨╡ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡, ╨┐╨╛╤В╨╛╨╝╤Г ╤З╤В╨╛ ╨▓╤Б╨╡ ╨╕╤Е ╤Д╨╕╨╜╨░╨╜╤Б╨╛╨▓╤Л╨╡ ╨┤╨░╨╜╨╜╤Л╨╡ ╨╛╤В╨║╤А╤Л╤В╤Л ╨┤╨╗╤П ╨╛╨▒╤Й╨╡╤Б╤В╨▓╨╡╨╜╨╜╨╛╤Б╤В╨╕ ╨┤╨╗╤П ╨░╨╜╨░╨╗╨╕╨╖╨░. ╨╕ ╨╕╨╜╤В╨╡╤А╨┐╤А╨╡╤В╨░╤Ж╨╕╤П.

╨з╨░╤Б╤В╨╛ ╨╖╨░╨┤╨░╨▓╨░╨╡╨╝╤Л╨╡ ╨▓╨╛╨┐╤А╨╛╤Б╤Л (FAQ)

╨з╤В╨╛ ╤В╨░╨║╨╛╨╡ ╨┐╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П?

╨Я╨╛╨╗╨╛╤З╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П тАФ ╤Н╤В╨╛ ╤Б╤А╨╡╨┤╤Б╤В╨▓╨╛, ╨┐╤А╨╡╨┤╨╛╤Б╤В╨░╨▓╨╗╤П╨╡╨╝╨╛╨╡ ╨Ъ╨╛╨╝╨╕╤Б╤Б╨╕╨╡╨╣ ╨┐╨╛ ╨╛╨▒╨╝╨╡╨╜╤Г ╤Ж╨╡╨╜╨╜╤Л╨╝╨╕ ╨▒╤Г╨╝╨░╨│╨░╨╝╨╕ (SEC), ╨║╨╛╤В╨╛╤А╨╛╨╡ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╤Н╨╝╨╕╤В╨╡╨╜╤В╨░╨╝ ╤А╨╡╨│╨╕╤Б╤В╤А╨╕╤А╨╛╨▓╨░╤В╤М ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕, ╨║╨╛╤В╨╛╤А╤Л╨╡ ╨╛╨╜╨╕ ╨┐╨╗╨░╨╜╨╕╤А╤Г╤О╤В ╤А╨░╨╖╨╝╨╡╤Б╤В╨╕╤В╤М ╨▓ ╨▒╤Г╨┤╤Г╤Й╨╡╨╝. ╨н╤В╨╛ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨╕╨╝ ╨┐╨╛╨╗╤Г╤З╨╕╤В╤М ╨┤╨╛╤Б╤В╤Г╨┐ ╨║ ╤А╤Л╨╜╨║╨░╨╝ ╨║╨░╨┐╨╕╤В╨░╨╗╨░, ╨║╨╛╨│╨┤╨░ ╤Г╤Б╨╗╨╛╨▓╨╕╤П ╨▒╨╗╨░╨│╨╛╨┐╤А╨╕╤П╤В╨╜╤Л ╨┤╨╗╤П ╨╜╨╕╤Е.

╨Ъ╨░╨║ ╨┤╨╛╨╗╨│╨╛ ╨╛╤Б╤В╨░╨╡╤В╤Б╤П ╨▓ ╤Б╨╕╨╗╨╡ ╨╖╨░╤П╨▓╨╗╨╡╨╜╨╕╨╡ ╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨╜╨░ ╨┐╨╛╨╗╨║╨╡?

╨Ю╨▒╤Л╤З╨╜╨╛ ╨╖╨░╤П╨▓╨╗╨╡╨╜╨╕╨╡ ╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨┐╨╛╨╗╨║╨╕ ╤Б╤В╨░╨╜╨╛╨▓╨╕╤В╤Б╤П ╨╜╨╡╨┤╨╡╨╣╤Б╤В╨▓╨╕╤В╨╡╨╗╤М╨╜╤Л╨╝ ╨┐╨╛ ╨╕╤Б╤В╨╡╤З╨╡╨╜╨╕╨╕ ╤В╤А╨╡╤Е ╨╗╨╡╤В. ╨Ю╨┤╨╜╨░╨║╨╛ ╤Н╨╝╨╕╤В╨╡╨╜╤В╤Л, ╨╜╨╡ ╨┐╤А╨╛╨┤╨░╨▓╤И╨╕╨╡ ╤Б╨▓╨╛╨╕ ╤Ж╨╡╨╜╨╜╤Л╨╡ ╨▒╤Г╨╝╨░╨│╨╕ ╨▓ ╤Г╤Б╤В╨░╨╜╨╛╨▓╨╗╨╡╨╜╨╜╤Л╨╣ ╤Б╤А╨╛╨║, ╨╝╨╛╨│╤Г╤В ╨┐╨╛╨┤╨░╤В╤М ╨╖╨░╤П╨▓╨╗╨╡╨╜╨╕╨╡ ╨╜╨░ ╨┐╤А╨╛╨┤╨╗╨╡╨╜╨╕╨╡.

╨Т ╤З╨╡╨╝ ╨┐╤А╨╡╨╕╨╝╤Г╤Й╨╡╤Б╤В╨▓╨░ ╨┐╨╛╨╗╨╛╤З╨╜╨╛╨│╨╛ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤П?
╨Я╤А╨╡╨╕╨╝╤Г╤Й╨╡╤Б╤В╨▓╨░ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╤П ╨╛╨▒╨╛╨╗╨╛╤З╨║╨╕ ╨╖╨░╨║╨╗╤О╤З╨░╤О╤В╤Б╤П ╨▓ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╡╨╝:

┬╖ ╨Я╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╤Н╨╝╨╕╤В╨╡╨╜╤В╨░╨╝ ╤А╨░╤Б╤Б╤З╨╕╤В╤Л╨▓╨░╤В╤М ╨▓╤А╨╡╨╝╤П ╤А╤Л╨╜╨║╨░, ╤З╤В╨╛ ╨╛╨╖╨╜╨░╤З╨░╨╡╤В ╨┐╤А╨╛╨┤╨░╨╢╤Г ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│, ╨║╨╛╨│╨┤╨░ ╤А╤Л╨╜╨╛╤З╨╜╤Л╨╡ ╤Г╤Б╨╗╨╛╨▓╨╕╤П ╨╕╨┤╨╡╨░╨╗╤М╨╜╤Л.
┬╖ ╨Я╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ ╤Н╤Д╤Д╨╡╨║╤В╨╕╨▓╨╜╨╛ ╤Г╨┐╤А╨░╨▓╨╗╤П╤В╤М ╤Б╨▓╨╛╨╕╨╝╨╕ ╤Б╤А╨╡╨┤╤Б╤В╨▓╨░╨╝╨╕
┬╖ ╨Я╨╛╨╝╨╛╨│╨░╨╡╤В ╤Б╨▓╨╡╤Б╤В╨╕ ╨║ ╨╝╨╕╨╜╨╕╨╝╤Г╨╝╤Г ╨┤╨╗╨╕╨╜╨╜╤Г╤О ╨▒╤Г╨╝╨░╨╢╨╜╤Г╤О ╤А╨░╨▒╨╛╤В╤Г ╨╕ ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В╨░╤Ж╨╕╤О
┬╖ ╨Я╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕-╤Н╨╝╨╕╤В╨╡╨╜╤В╤Г ╨║╨╛╨╜╤В╤А╨╛╨╗╨╕╤А╨╛╨▓╨░╤В╤М ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡ ╤Б╨▓╨╛╨╕╤Е ╨░╨║╤Ж╨╕╨╣
┬╖ ╨Т╤Л╨╖╤Л╨▓╨░╨╡╤В ╨┤╨╛╨▓╨╡╤А╨╕╨╡ ╤Г ╨╕╨╜╨▓╨╡╤Б╤В╨╛╤А╨╛╨▓ ╨▒╨╗╨░╨│╨╛╨┤╨░╤А╤П ╨╛╤В╨║╤А╤Л╤В╨╛╤Б╤В╨╕ ╨▓╤Б╨╡╨│╨╛ ╨┐╤А╨╛╤Ж╨╡╤Б╤Б╨░

╨з╤В╨╛ ╤В╨░╨║╨╛╨╡ ╨Я╤А╨░╨▓╨╕╨╗╨╛ 415 ╨┐╤А╨╕ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨┐╨╛╨╗╨║╨╕?

╨Я╤А╨░╨▓╨╕╨╗╨╛ 415 ╨▓ ╤Б╨╛╨╛╤В╨▓╨╡╤В╤Б╤В╨▓╨╕╨╕ ╤Б ╨Ч╨░╨║╨╛╨╜╨╛╨╝ ╨╛ ╤Ж╨╡╨╜╨╜╤Л╤Е ╨▒╤Г╨╝╨░╨│╨░╤Е 1933 ╨│╨╛╨┤╨░ ╨┐╨╛╨╖╨▓╨╛╨╗╤П╨╡╤В ╨╡╨│╨╛ ╨┐╨╛╨╗╤М╨╖╨╛╨▓╨░╤В╨╡╨╗╤П╨╝ ╨┤╨╡╨╗╨░╤В╤М ╨╜╨╡╤Б╨║╨╛╨╗╤М╨║╨╛ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╣, ╨┐╨╛╨┤╨░╨▓ ╤В╨╛╨╗╤М╨║╨╛ ╨╛╨┤╨╕╨╜ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╛╨╜╨╜╤Л╨╣ ╨┤╨╛╨║╤Г╨╝╨╡╨╜╤В ╨▓ SEC.

╨а╨╡╨║╨╛╨╝╨╡╨╜╨┤╤Г╨╡╨╝╤Л╨╡ ╤Б╤В╨░╤В╤М╨╕

╨н╤В╨╛ ╨▒╤Л╨╗╨╛ ╨а╤Г╨║╨╛╨▓╨╛╨┤╤Б╤В╨▓╨╛ ╨┐╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨╜╨░ ╨┐╨╛╨╗╨║╨╡ ╨╕ ╨╡╨╡ ╨╛╨┐╤А╨╡╨┤╨╡╨╗╨╡╨╜╨╕╤О. ╨Ю╨╖╨╜╨░╨║╨╛╨╝╤М╤В╨╡╤Б╤М ╤Б ╤В╤А╨╡╨▒╨╛╨▓╨░╨╜╨╕╤П╨╝╨╕ ╨║ ╨┐╨╛╨┤╨░╤З╨╡ ╨╖╨░╤П╨▓╨╗╨╡╨╜╨╕╤П ╨╛ ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╨╕ ╨║╨╛╨╝╨┐╨░╨╜╨╕╨╕ (S-3) ╨▓ SEC. ╨Т╤Л ╤В╨░╨║╨╢╨╡ ╨╝╨╛╨╢╨╡╤В╨╡ ╨╛╨╖╨╜╨░╨║╨╛╨╝╨╕╤В╤М╤Б╤П ╤Б╨╛ ╤Б╨╗╨╡╨┤╤Г╤О╤Й╨╕╨╝╨╕ ╤Б╤В╨░╤В╤М╤П╨╝╨╕, ╤З╤В╨╛╨▒╤Л ╤Г╨╖╨╜╨░╤В╤М ╨▒╨╛╨╗╤М╤И╨╡:

• ╨Ф╨╛╨║╤Г╨╝╨╡╨╜╤В╤Л ╨Ъ╨╛╨╝╨╕╤Б╤Б╨╕╨╕ ╨┐╨╛ ╤Ж╨╡╨╜╨╜╤Л╨╝ ╨▒╤Г╨╝╨░╨│╨░╨╝ ╨╕ ╨▒╨╕╤А╨╢╨░╨╝
• ╨н╨╗╨╡╨║╤В╤А╨╛╨╜╨╜╨░╤П ╤А╨╡╨│╨╕╤Б╤В╤А╨░╤Ж╨╕╤П
• ╨б╨╗╨╡╨┤╨╕╤В╨╡ ╨╖╨░ ╨┐╤Г╨▒╨╗╨╕╤З╨╜╤Л╨╝ ╨┐╤А╨╡╨┤╨╗╨╛╨╢╨╡╨╜╨╕╨╡╨╝