• Update on New FINRA Rules and Rule Proposals for Public Offerings
  • November 22, 2010 | Authors: Robert A. Boresta; Jeffrey H. Elkin; Robert W. Ericson; Edward J. Johnsen; James J. Junewicz
  • Law Firms: Winston & Strawn LLP - Chicago Office ; Winston & Strawn LLP - New York Office ; Winston & Strawn LLP - Chicago Office
  • The Financial Industry Regulatory Authority (“FINRA”) has been active in proposing new rules and providing interpretative guidance affecting FINRA-member firms (“members”) in the distribution of initial public offerings, which will impact underwriting and distribution arrangements. These developments are summarized below, along with a FINRA Concept Proposal to Require a Disclosure Statement for Retail Investors at or Before Commencing a Business Relationship.