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Dodd-Frank

SEC Eases FINRA Corporate Financing Rule

by   |   April 29, 2014

The SEC has approved changes to FINRA Rule 5110, which among other things:

  • narrow the scope of the definition of “participation or participating in a public offering;”
  • modify the lock-up restrictions to exclude certain securities acquired or converted to prevent dilution; and
  • clarify that the information requirements apply only to relationships with a “participating” member.

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