A broker-dealer settled FINRA charges for overstating its net capital, which caused several additional reporting and recordkeeping violations.
News & Insights
In its annual report, the SEC Office of the Advocate for Small Business Capital Formation offered recommendations to improve capital raising for entrepreneurs and investors.
A broker-dealer settled FINRA charges for failing to compute accurately its aggregate indebtedness and net capital, failing to file accurate reports as a result and failing to respond to FINRA requests for information.
The SEC approved separate proposals by the National Securities Clearing Corporation, the Fixed Income Clearing Corporation and the Depository Trust Company to increase certain minimum capital requirements for members and make other adjustments.
SEC Deputy Director of the Office of the Advocate for Small Business Capital Formation Sebastian Gomez Abero touted the "expanded capital raising pathways" under the 2012 JOBS Act and urged practitioners to utilize resources now available in the SEC's consolidated Capital Raising Hub.