Regulatory Updates

FINRA Updates Private Placement Filer Form Pursuant to FINRA Rules 5122 and 5123

"Updated Private Placement Filer Form"


United States Department of Labor - Employee Benefits Security Administration

“Conflicts of Interest Proposed Rule”


SEC's Office of Compliance Inspections and Examinations and FINRA

“National Senior Investor Initiative”


Securities and Exchange Commission ("SEC")

“Advisory Committee on Small and Emerging Companies Accreditor Investor Recommendations”


Financial Industry Regulatory Authority ("FINRA")

“2015 Regulatory & Examination Priorities Letter”


SEC National Exam Program/Office of Compliance Inspection & Examinations

“Examination Priorities For 2015”


FINRA Regulatory Notice 15-02

“DPP and Unlisted REIT Securities”


SEC Recommendation of the Investor as Purchaser Subcommittee and the Investor Education Subcommittee:  Accredited Investor Definition (2014)


Securities and Exchange Commission (Oct. 10, 2014)

“Release No. 34-73339; File No. SR-FINRA-2014-006”


SEC Office of Compliance Inspections and Examinations (Jan. 2014)

“Investment Adviser Due Diligence Processes For Selecting Alternative Investments and Their Respective Managers”


FINRA Regulatory Notice 13-26

“Private Placements of Securities”


U.S. Securities and Exchange Commission

“Eliminating the Prohibition on General Solicitation and General Advertising in Certain Offerings”


U.S. Securities and Exchange Commission

“Public Comments on SEC Regulatory Initiatives Under JOBS Act”

FINRA Notice to Members 12-55

“Guidance on FINRA's Suitability Rule”

FINRA Notice to Members 12-03

“Heightened Supervision of Complex Products”

FINRA Notice to Members 11-44

“FINRA Requests Comment on Proposed Amendments to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts in Customer Account Statements”
Comment Period Expired: November 12, 2011

FINRA Notice to Members 10-22

“Obligation of Broker-Dealers to Conduct Reasonable Investigations in Regulation D Offerings”

FINRA (NASD) Notice to Members 05-48

“Members' Responsibilities When Outsourcing Activities to Third-Party Service Providers”

FINRA (NASD) Notice to Members 05-18

“NASD Issues Guidance on Section 1031 Tax-Deferred Exchanges of Real Property for Certain Tenants-in-Common Interests in Real Property Offerings”

FINRA (NASD) Notice to Members 03-71

“NASD Reminds Members of Obligations When Selling Non-Conventional Investments”