SEC Proposes Exemptive Relief for Finders
By EsqSocial Corporation 22/10/20
After numerous calls for the U.S. Securities and Exchange Commission (SEC) to provide clarity on the role of “finders” in the capital markets ecosystem, the SEC sought to provide that clarity at a meeting held on October 7, 2020. The SEC’s proposed exemptive relief would create a nonexclusive safe harbor from broker registration for finders, which are natural persons seeking to engage in certain limited activities on behalf of issuers, subject to certain conditions and disclosure requirements....
By: Faegre Drinker Biddle & Reath LLP