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ARTICLE · 23 MAY 2023

FINRA Seeks Comments To Improve Capital Formation

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On May 9, 2023, FINRA issued Regulatory Notice 23-09 (the "Notice"), seeking comment on any modifications that could be made to FINRA's rules, operations and administrative processes to further promote...

United StatesFinance and Banking
Katelyn Merick
Katelyn Merick
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On May 9, 2023, FINRA issued Regulatory Notice 23-09 (the "Notice"), seeking comment on any modifications that could be made to FINRA's rules, operations and administrative processes to further promote capital formation while maintaining investor protection.

In addition to the open-ended request, the Notice sets forth the following ten questions for commenters to consider:

  • Are there any FINRA rules, operations or administrative processes that should be updated or amended to better facilitate capital raising in a manner that preserves investor protection?
  • Have FINRA's rules covering the capital raising process effectively responded to the problem(s) they were intended to address?

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