On Mar. 20, FINRA sought input on potential process improvements.
FINRA requested input on potential changes to further facilitate capital formation.
Follows Notice 25-04 modernization of rules review comment request, see #246797.
Comment Request
Requests comment on whether additional changes to FINRA rules, guidance, operations or administrative processes would further facilitate capital formation.
Or reduce unnecessary regulatory costs and burdens impacting capital-raising process.
Input on capital acquisition brokers (CABs) and other limited purpose broker-dealers.
Requirements governing research and role of research analysts at broker-dealers.
Rules/regulatory notices setting standards for members' supporting capital formation.
On how programs relate to the broader regulatory framework for member firms.
Whether there are opportunities to more closely align with the work of other regulators
Does not supersede proposed amendments to corporate financing rules, see #238203.
Submitted comments will be used by FINRA as part of its rule modernization efforts.
Consultation
Comments are due on or before May 19, 2025.
Regulators
FINRA
Entity Types
B/D
Reference
RN 25-06, 3/20/2025
Functions
Compliance; Financial; Legal; Operations; Research
