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FINRA seeks feedback on capital formation rules

Joe Mont | April 17, 2017

The Financial Industry Regulatory Authority is seeking public comments on rules governing the participation of its member firms in capital raising.

The request, part of FINRA360, the self-regulatory organization’s “comprehensive self-evaluation and organizational improvement initiative.” It is one of three regulatory notices FINRA has issued this month related to the capital formation process, with the others seeking comment on proposed amendments to rules for underwriting arrangements and a proposed safe harbor from equity and debt research rules for desk commentary.

All three proposals seek to clarify the requirements for FINRA member firms engaged in the capital formation process.

“A vibrant capital-raising process supports the growth of the large and small businesses that create jobs and strengthen the economy. Broker-dealers perform a critical role in that process,” FINRA President and CEO Robert Cook said...

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