FINRA recently issued Regulatory Notice 10-22 which requires broker/dealers to conduct or obtain reasonable due diligence on companies whose securities they sell in private placements through the Regulation D exemption. Coral Capital Partners looks at recent FINRA sanctions of broker/dealers, and their personnel for failure to conduct a reasonable due diligence review of companies for which they raised funds for through private placement sales under Regulation D.
Author: Erik Nelson
This is a test
Sun River Energy Pitches Investors on $39M to Fund Drilling Budget for 2012
Sun River Energy is attempting to raise $39 million
PIPE Issuer Accused of Manipulation In Multiple Suits By Restricted Shareholders
Sun River Energy was accused by multiple shareholders of attempting to manipulate the market for its common stock by refusing to remove the restrictive legends from their certificates following the expiration of the holding period required by Rule 144 of the Securities Act of 1933.