; (iv) no investment adviser or associated person of which receives any compensation on the basis of a share of capital gains upon, or capital appreciation of, any portion of the funds of an investor of the company; (v) the securities of which have been issued in a transaction made under section 4(a)(6) of the Securities Act of 1933 ( 15 U.S.C. 77d(a)(6) ), where both the crowdfunding vehicle and the company whose securities the crowdfunding vehicle holds are co-issuers; (vi) that is current with respect to ongoing reporting requirements under section 227.202 of title 17, Code of Federal Regulations, or any successor regulation; (vii) that holds securities of a company that is subject to ongoing reporting requirements under section 227.202 of title 17, Code of Federal Regulations, or any successor regulation; and (viii) that is advised by an investment adviser that is— (I) registered under the Investment Advisers Act of 1940 ( 15 U.S.C. 80b–1 et seq.); and (II) required to— (aa) disclose to the investors of the company any fees charged by the investment adviser; and (bb) obtain approval from a majority of the investors of the company with respect to any increase in the fees described in item (aa). . (c) Amendments to the Investment Advisers Act of 1940 The Investment Advisers Act of 1940 ( 15 U.S.C. 80b–1 et seq.) is amended— (1) in section 202(a) ( 15 U.S.C. 80b–2(a) )— (A) by redesignating the second paragraph (29) as paragraph (31)