Corporate Financing

The Corporate Financing Department assists FINRA-regulated firms in complying with FINRA rules and federal securities laws by reviewing documents related to firms' capital-raising activities and arrangements. These services provide protections to investors and issuers by regulating underwriting terms and arrangements and addressing conflicts of interest when underwriters are affiliated with an issuer or receive significant portions of the proceeds in an offering. 

Corporate Financing also provides general annual statistics on the number of regulatory filings submitted for issuers accessing the public or private capital markets.

Corporate Financing 2012 2013 2014 2015 2016
Corporate Filings+ 630 790 958 901 693
Other Filings++ 171 181 181 71 62
Grand Total Registered Offerings 801 971 1,139 972 755
Private Placement Filings 325 3,043** 3,159 3,249 4,018

** The increase is as a result of Rule 5123 that went into effect in Dec. 2012, requiring information about broker-dealer participation in Reg D offerings to be filed with FINRA.

+ Includes Equity and Debt.

++ Includes REIT and Direct Participation Programs.


FINRA's Office of General Counsel (OGC) staff provides broker-dealers, attorneys, registered representatives, investors and other interested parties with interpretative guidance relating to FINRA’s rules. Please see FINRA OGC Interpretative Guidance for more information.

OGC staff contacts:
Paul Mathews and Jim Wrona
1735 K Street, NW
Washington, DC 20006
(202) 728-8000