Client Alert: FINRA Issues Regulatory Notice on Private Placement Filing Requirements

Client Alerts

Tuesday, August 27, 2013

Since December 2012, the Financial Industry Regulatory Authority, Inc. (FINRA) has required member firms participating in certain private placements to file a copy of the offering document and other information within fifteen calendar days of the date of first sale. On August 19, 2013, FINRA issued a Regulatory Notice expanding the types of information issuers are asked to provide in such filings.

This Client Alert from the Wyrick Robbins Banking & Financial Institutions Practice Group reviews these changes and discusses their possible impact. Attached to the Alert are a copy of FINRA’s revised Private Placement Form and accompanying Frequently Asked Questions (FAQ).