Feeling Conflicted: FINRA's Qualified Independent Underwriter and Prominent Disclosure Rule | Practical Law

Feeling Conflicted: FINRA's Qualified Independent Underwriter and Prominent Disclosure Rule | Practical Law

A summary of FINRA's qualified independent underwriter (QIU) and prominent disclosure rule (FINRA Rule 5121). This Practice Note includes a detailed discussion of FINRA's requirements when an underwriter or other FINRA member has a conflict of interest in a securities offering. FINRA's requirements include prominent disclosures about the conflict and possibly the involvement of a QIU.

Feeling Conflicted: FINRA's Qualified Independent Underwriter and Prominent Disclosure Rule

by Practical Law Corporate & Securities
Maintained • USA (National/Federal)
A summary of FINRA's qualified independent underwriter (QIU) and prominent disclosure rule (FINRA Rule 5121). This Practice Note includes a detailed discussion of FINRA's requirements when an underwriter or other FINRA member has a conflict of interest in a securities offering. FINRA's requirements include prominent disclosures about the conflict and possibly the involvement of a QIU.