Updates
SEC Proposes Rule Amendments to Allow General Solicitation and General Advertising in Rule 506 Offerings
The Securities and Exchange Commission proposed yesterday, August 29, 2012, amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of
FINRA Requests Comment on Proposed Regulation of Crowdfunding Activities – Regulatory Notice 12-34
On July 5, 2012, FINRA published Regulatory Notice 12-34 requesting public comment on the scope of FINRA regulation that would be appropriate for member firms active in
Net Worth Standard for Accredited Investors – Securities Act Release No. 9287
On December 21, 2011, the Securities and Exchange Commission, in Securities Act Release No. 9287, amended net worth standard in the definition of “accredited investor”
Updated: New Account Application Template
FINRA recently updated the New Account Application Template to reflect FINRA’s new suitability rule. The template is a voluntary model that was designed for firms to use
FINRA Cannot Collect Fines Against Barred Members through Court
On October 5, 2011, the Second Circuit in Fiero v. Financial Industry Regulatory Authority, Inc. held that FINRA was not authorized under the Securities Exchange Act of
SEC’s Whistleblower Program is Officially Launched
On Friday, August 12, 2011, the Securities and Exchange Commission’s much discussed whistleblower program became effective with the launch of a new webpage for people to report a
SEC, FINRA Warn Retail Investors About Investing In Structured Notes With Principal Protection
On June 2, 2011, the Securities and Exchange Commission’s Office of Investor Education and Advocacy and the Financial Industry Regulatory Authority (FINRA) have issued an investor
Focus on Sales Literature and Advertising: Tips, Procedures and the BD Use Only Legend
In this, the second of a two-part series, the focus is on communications with the public.(1) While many of these points below appear more important
FINRA Issues Further Guidance on Know Your Customer and Suitability Rule and Extends Effective Date – Regulatory Notice 11-25
On May 18, 2011, FINRA issued Regulatory Notice 11-25, which provides further guidance on new consolidated consolidated FINRA rules governing Know Your Customer (Rule 2090) and
Focus on Sales Literature and Advertising
In this, the first of a two-part series, the focus is on communications with the public. While many of these points below appear more important