Regulatory Notice 15-32

FINRA Filing Requirements and Review of Regulation A Offerings

Executive Summary

FINRA is publishing this Notice to provide guidance regarding the FINRA filing requirements and review procedures that apply to firms that participate in Regulation A+ offerings. Specifically, FINRA’s Corporate Financing Rules require firms that participate in Regulation A+ offerings to file with FINRA information specified in the rules. FINRA’s Communications with the Public Rule and its Suitability Rule also apply to a firm’s participation in these offerings. FINRA also reminds firms that communications with the public concerning a Regulation A+ offering of direct participation program (DPP) securities must be filed with FINRA.

Questions regarding this Notice may be directed to:

  • Joseph E. Price, Senior Vice President, Corporate Financing/Advertising Regulation, at (240) 386-4642;
  • Amy C. Sochard, Senior Director, Advertising Regulation, at (240)386-4508; or
  • Kathryn M. Moore, Associate General Counsel, Office of General Counsel, at (202) 728-8200.