Online Capital Raising - FINRA Request for Comment

Written By Brandon Klerk

Regulatory Notice 23-09

FINRA Requests Comment on FINRA Rules Impacting Capital Formation

FINRA is requesting comment on a range of topics related to current FINRA rules impacting online capital formation and the fintech industry, including rules related to Regulation D, Regulation A and more. These topics include, but are not limited to the following:

  • Regulation A and FINRA Rule 5110

  • Projections of Performance under FINRA Rule 2210 (Communications with the Public)

  • Capital Acquisition Brokers (CABs)

  • Settlement of Syndicate Accounts (FINRA Rule 11880)

  • Restrictions on the Purchase and Sale of Initial Equity Public Offerings (FINRA Rule 5130) and New Issue Allocations and Distributions (FINRA Rule 5131)

  • Filings of Private Placements (FINRA Rules 5122 and 5123)

  • Corporate Financing Rule – Underwriting Terms and Arrangements (FINRA Rule 5110) and FINRA’s Public Offering System

  • Communications with the Public (FINRA Rule 2210) and Research Analysts and Research Reports (FINRA Rule 2241)

You can read more here: https://www.finra.org/rules-guidance/notices/23-09

Brandon Klerk https://www.halyardcompliance.com
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