New Proposed SEC Rule Would Allow Finders to Receive Commissions Without Registering as a Broker Dealer
By EsqSocial Corporation 04/11/20
In order to clarify various no action letters and court decisions, the Securities and Exchange Commission (SEC) has proposed an rule that would allow two classes of “finders” to avoid having to register as a broker-dealer or as an associated person in circumstances where they play a role in raising money by private companies issuing securities. This client update will briefly touch on existing law and more deeply delve into the SEC’s proposed finder exemption....
By: Hinshaw & Culbertson LLP