FINRA Proposes Lighter Regulatory Regime for Limited Corporate Financing Brokers

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Explore:  Brokers Compliance FINRA

The Financial Industry Regulatory Authority (“FINRA”) recently issued a Regulatory Notice (the “Notice”) requesting comment on a Proposed Rule Set for “Limited Corporate Financing Brokers” (“LCFBs”). (The comment period expires on April 28, 2014.)

This Alert provides an overview of the Rule Set and its merits. The Rule Set would provide a somewhat lighter regulatory regime for LCFBs, defined as a broker that solely engages in one or more of the following activities (collectively, “LCFB Activities”)...

Please see full alert below for more information.

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Topics:  Brokers, Compliance, FINRA

Published In: General Business Updates, Finance & Banking 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.

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