FINRA has filed proposed Rule 5123 dealing with private placements of securities with the SEC for approval. The new proposed rule would impose a requirement that firms and associated persons who engage in sales of private placements, or in the preparation of PPMs or terms sheets, provide relevant disclosures to each investor, prior to the sale, describing the amount and type of offering compensation and expenses, and the anticipated use of offering proceeds. FINRA has recently responses to comments received on this rule proposal, and has filed an amendment to the proposed rule. The new documents are on the FINRA website, here.
Joel Beck
Email Newsletter
The Beck Law Firm, LLC - Georgia Securities Lawyer
About The Beck Law Firm, LLC
- Joel Beck, a former NASD Department of Enforcement lawyer, formed The Beck Law Firm, LLC in 2007. Joel's practice primarily focuses on representing broker-dealers, stockbrokers and investment advisers in disciplinary investigations and actions, customer complaints, arbitration claims and civil litigation, as well as representing investors in securities arbitration claims. Joel has been designated a Certified Regulatory and Compliance Professional (CRCP) by the NASD Institute at the Wharton School of Business, University of Pennsylvania. Click on the link above to visit our website and learn more.
The Disclaimer
- The Beck Law Firm, LLC and Joel Beck, the author of this blog, provide this material for informational purposes only. While we believe the content to be accurate, we make no guarantee to that effect. Use of this blog does not create an attorney/client relationship and The Beck Law Firm, LLC does not represent you unless and until we have entered into a written representation agreement. The hiring of an attorney is an important decision and should not be based upon advertisements, including websites and blogs. Please contact us for additional information about our qualifications before making a decision.
Copyright 2011
- The original works appearing on this page are the intellectual property of Joel Beck and The Beck Law Firm, LLC. Copyright 2007-2011
Comments Policy
- I welcome comments on most postings, and like to keep the discussion going. Comments are moderated and will not post until publisher review. Comments that don't relate to the topics and subject matter of the blog, and seek only to provide links for other websites, will not not be published. The Beck Law Firm, LLC and Joel Beck are not responsible for contents of the published comments, and do not necessarily share the same views as the commenter.
Contact Us Today
- To discuss your situation, contact Joel Beck at The Beck Law Firm for a free, brief consultation. Call today. (678) 344-5342 or send an email to info @ thebeckfirm.com (Don't send any confidential information until we request it, and understand that the firm does not represent you until a written engagement agreement is signed).
