SEC/CORPORATE -

SEC Approves Amended Rule Change to FINRA Rule 5110 -

On December 23, 2019, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority’s (FINRA) proposed amendments to Rule 5110, as modified by Partial Amendments No. 1 and No. 2 (Amended Rule 5110), on an accelerated basis in an effort to modernize, simplify and streamline the rule. FINRA is expected to issue its regulatory notice and effective date for the amended rules in the coming weeks. Rule 5110 prohibits unfair underwriting arrangements in connection with the public offering of securities. The following is a summary of key revisions made in Amended Rule 5110...