For firms that are marketing privately-issued securities, whether as a private fund manager or issuer, ensuring their activity is compliant with FINRA and SEC regulations is essential to avoid costly consequences, both monetarily and from a reputation standpoint. It’s important for these firms to remember that regulators like FINRA and the SEC are in place to ensure firms and their employees avoid conflicts of interest, abide by applicable rules and regulations, and act in investors’ best interests.
The best way for firms to ensure they are acting in compliance is to educate themselves on the guidelines, issuer exemption eligibility, and potential consequences. We’ve broken these down into a Q&A, which has been adapted from our webinar, Compliance Connections: How to Solicit Private Fund Investors: The BD Rules vs. The Issuer Exemption.
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