Tag: securities litigation

Coral Capital Partners take a look at various securities litigation issues. Our focus is on looking at enforcement actions by the Securities Exchange Commission (SEC) and other private party litigation concerning securities issues. Our goal is look into the lawsuits and enforcement actions and explain the issues in a manner that the lay person can understand. Hopefully our insight concerning the issues that we highlight will allow investors and company executives to avoid some of the pitfalls of the securities markets.

FINRA Rule 5123 – Private Placement Filing Requirements

Coral Capital Partners takes a look at recent FINRA Regulatory Notice 12-40 and the underlying FINRA Rule 5123, which requires broker/dealers that participate in the private offerings of issuer securities to file a copy of the private placement memorandum and other offering documents with FIRNA. We also look at the exemptions to this requirement, and were we see areas of risk for broker/dealers participating in private placements. We also look at how we see this tying in with FINRA Regulatory Notice 10-22.