MFA Submits Comments on FINRA Rule 5123 Amendments

MFA has submitted critical comments to the SEC regarding the amendments to FINRA Rule 5123 ("Private Placements of Securities"), which requires issuers to file a private placement memorandum or other disclosure document with FINRA in connection with certain private placements.MFA commented that this requirement:

  • Conflicts with the statutory scheme for the regulation of offerings by private funds under the federal securities laws;
  • Imposes an unnecessary burden on issuers; and
  • Conflicts with the long-standing regulatory framework for private fund offerings.

See: MFA Blog News Release; MFA Comment Letter to SEC.

    Premium Content

    Available only to Premium subscribers.

     

    Tags