FINRA Rule 5123 Regarding Private Placements Effective in December

News Brief

FINRA has published a notice indicating that Rule 5123 will become effective on December 3, 2012 and will apply prospectively to private placements (not otherwise exempt) that begin selling efforts on or after that date.  Under the rules, notice filings and offering documents, if any, must be filed electronically with FINRA through the FINRA Firm Gateway.
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