Thursday, October 24, 2013

FINRA Funding Portal Rules

On October 23rd, FINRA proposed rules and forms relating to the funding portals, referred to as the Funding Portal Rules.  Once finalized and adopted, these rules will govern the SEC-registered funding portals that will also have to become members of FINRA pursuant to the JOBS Act.  

The public comment period ends on February 3, 2014, shortly after the end of the commenting period on the newly proposed SEC rules implementing the crowdfunding provisions of the JOBS Act.

Happy reading!

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