The Financial Industry Regulat
ory Authority (FINRA) released Regulatory Notice 10-22 on April 20, 2010. This notice is a gentle reminder that Broker-Dealers are required to comply with FINRA’s rules governing suitability, communications and supervision when they recommend securities that are offered pursuant to Regulation D.
Broker-Dealers should review this release if they are involved in recommending Regulation D offerings.
Notice 10-22 also serves as a good due diligence checklist for anyone involved in reviewing Reg D offering memorandum or private placement documents.
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.