FINRA Proposes Rule 5123 Requiring Disclosure for Private Placements | Practical Law

FINRA Proposes Rule 5123 Requiring Disclosure for Private Placements | Practical Law

On October 4, 2011, FINRA proposed new Rule 5123 to ensure that investors in private placements have detailed information about the anticipated use of proceeds, the offering expenses and the offering compensation.

FINRA Proposes Rule 5123 Requiring Disclosure for Private Placements

Practical Law Legal Update 4-508-9014 (Approx. 4 pages)

FINRA Proposes Rule 5123 Requiring Disclosure for Private Placements

by PLC Corporate & Securities
Published on 06 Oct 2011 • USA (National/Federal)
On October 4, 2011, FINRA proposed new Rule 5123 to ensure that investors in private placements have detailed information about the anticipated use of proceeds, the offering expenses and the offering compensation.