FINRA Proposed Limited Registration For Capital Finders

The Financial Industry Regulatory Authority (FINRA) has proposed a limited form of registration for persons and organizations involved in finding capital for business deals. The title for such brokers would be “Limited Corporate Financing Brokers”, and the proposal is Regulatory Notice 14-09, available at  http://www.finra.org/Industry/Regulation/Notices/2014/P449587 “Finders” regulation has been an active topic of conversation in…

What Did The JOBS Act Do? What’s Final?

There are three different sets of rules and institutions/persons defined under the JOBS Act, and rules are in place for two out of three. These are:  (a) Persons and organizations interested in private placement of securities. Rule 506 has been amended to allow public announcement of such opportunities, which means that if you limit investments…

New SEC Crowdfunding Rules

The US Securities and Exchange Commission has proposed rules for crowdfunding offerings and exchanges (“portals”). US based companies could raise up to $1 million per year with limited disclosures, of types defined by the new rules, and with amounts that could be sold to individual investors limited by the investor’s income. Crowdfunding portals would provide…