FINRA Regulatory Notice 13-34: Request for Comment on Proposed Funding Portal Rules for Crowdfunding

FINRA released a regulatory notice to solicit comments on a set of proposed rules and related forms for SEC-registered funding portals that would become FINRA members pursuant to the crowdfunding provisions of the JOBS Act.The proposed Funding Portal Rules consist of the following set of seven rules (and their related forms):

• Funding Portal Rule 100 (General Standards);
• Funding Portal Rule 110 and Forms (Funding Portal Application);
• Funding Portal Rule 200 (Conduct);
• Funding Portal Rule 300 (Compliance);
• Funding Portal Rule 800 (Investigations and Sanctions);
• Funding Portal Rule 900 (Code of Procedure); and
• Funding Portal Rule 1200 (Arbitration and Mediation).

Comments must be received by February 3, 2014.

See: FINRA Regulatory Notice 13-34; Text of Proposed Rules; Text of Proposed Related Forms. Related news: SEC Issues Proposal on Crowdfunding (with Delta Strategy Group Summary) (October 23, 2013).