Corporate Finance & Securities

Board Authorizes FINRA to Publish Regulatory Notice on Proposed Rules

Last week, the Board of Governors met and authorized FINRA to publish a Regulatory Notice to solicit comment on proposed rules and related form changes for funding platforms pursuant to Title III of the JOBS Act.

The proposed rules will address, among other things, the funding portal membership application process, fraud and manipulation, just and equitable principles of trade, and communications with the public. FINRA expects to publish its proposed rules around the same time the SEC publishes its rules on Title III, which is expected to happen later this year.

FINRA also moved forward with a rule proposal to make Rule 144A deals subject to dissemination under the FINRA rules. Check out the proposed rule change here.

Stay tuned! We’ll keep you up to date on any additional developments with the JOBS Act and the recent rule changes.


Gavin Johnson

Gavin enjoys craft beer and is learning the art of brewing.

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