Speaker at OTC Markets Regulation A+ Roundtable, October 20, 2015 at the OTCQX Market Center, 304 Hudson Street, New York, NY, including such topics as testing the waters, costs, free tradability of the shares, and the development of venture exchanges, onboarding to OTC and other mechanisms to establish liquidity.
Under Title III of the JOBS Act, a crowdfunding intermediary that engages in crowdfunding on behalf of an issuer of securities is required to register with the SEC as a “funding portal” or a broker-dealer, and to become a FINRA member. In anticipation that the SEC will take action on[…]
FinLaw: Raising Money online with a Participating Broker-Dealer? Welcome to the World of FINRA Regulation
In my last article regarding Regulation A+ filing requirements, I discussed how when raising funds for a Reg A offering you are required not only to make a Form 1-A filing with the SEC, but also one with FINRA pursuant to FINRA Rule 5110. Rule 5110, known as the Corporate Financing Rule,[…]