Section 15(a)(1) of the Securities Exchange Act of 1934 makes it unlawful for businesses to effect transactions in, or to induce the sale of any security, unless registered as a broker-dealer. Many people assume that funding platforms under Title II of the Jumpstart Our Business Startups (JOBS) Act must also[…]
So you received a Rule 8210 letter from FINRA requiring you to appear at their New York office to provide testimony under oath (the so called “on the record interview,” or “OTR”). You had hoped that after you had not heard from FINRA when they sent you that earlier document[…]
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Speaker, Recent Developments in Securities Enforcement, U.S. Securities and Exchange Commission 2014 Joint Regulatory Conference, West Bonaventure Hotel, Los Angeles, on June 3, 2014.