FINRA Enters Crowdfunding Mix


While the crowds are waiting for the SEC to act, FINRA is taking steps to prepare. It recently issued a voluntary Interim Form for Funding Portals designed for prospective “funding portals” under the JOBS Act. The JOBS Act provides that an intermediary involved in a crowdfunding transaction must be registered with the SEC as either a broker-dealer or a “funding portal.” Funding portals, like broker-dealers, must become members of a national securities association (i.e. FINRA).

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, General Business Updates, Finance & Banking Updates, Mergers & Acquisitions Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Eckerle Law | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »