FINRA stated that marketing materials should reflect the fact that many private placements are either illiquid or speculative in nature, and should "balance claims of these investments' benefits by disclosing these risks."
News & Insights
The SEC adopted technical amendments to Regulation AB and other rules governing the disclosure and reporting of asset-backed securities, as well as the securities' offering process. The technical amendments were published in the Federal Register.
The SEC adopted technical amendments to Regulation AB and other rules governing the offering process, disclosure, and reporting for asset-backed securities.
SEC Release No. 33-9244 / 34-64968 July 26, 2011 The SEC revised and re-proposed certain rules relating to asset-backed securities. The proposal would amend the registration and transactional requirements relating to shelf registration of asset-backed securities. For further detail on this proposal, see Malcolm Wattman, Frank Polverino Matthew Feig, SEC Re-proposal of Shelf Eligibility Conditions for Asset-Backed Securities and Applicability to Insurance-Linked Securities (Aug. 4, 2011) (CWT C&F Memo). Cross References SEC Press Release No. 2011-156 SEC Release No. 33-9117 / 34-61858 (initial