On January 22, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority’s funding portal rules and related forms for entities functioning as SEC-registered funding portals pursuant to “Regulation Crowdfunding.” FINRA’s funding rules became effective on January 29, the same date on which the SEC’s forms enabling funding portals to register with the SEC became effective (as disclosed in the Corporate & Financial Weekly Digest edition of January 29). On January 29, FINRA issued Regulatory Notice 16-06, which provides a brief overview of FINRA’s funding portal rules.

For the full text of FINRA’s Regulatory Notice 16-06, click here.