Direct Participation Programs (DPPs)

SR-FINRA-2020-007

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) proposed amendments to FINRA Rules 2111 (Suitability), 2310 (Direct Participation Programs), 2320 (Variable Contracts of an Insurance Company), 2341 (Investment Company Securities), and 5110 (Corporate Financing Rule – Underwriting Terms and Arrangements), and Capital Acquisition Broker (CAB) Rule 211 (Suitability).

Regulatory Notice 15-02

SEC Approves Amendments to FINRA Rule 2310 and NASD Rule 2340 to Address Values of Direct Participation Program and Unlisted Real Estate Investment Trust Securities

Interpretive Letter to Wallace W. Kunzman, Jr., Kunzman & Bollinger, Inc.

Regulatory Notice 13-18

FINRA Provides Guidance on Communications With the Public Concerning Unlisted Real Estate Investment Programs

Regulatory Notice 12-14

FINRA Requests Comment on Proposed Amendments to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts

Regulatory Notice 11-44

FINRA Requests Comment on Proposed Amendments to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts in Customer Account Statements

Regulatory Notice 09-09

FINRA is issuing this Notice to address certain requirements that apply to the per-share customer account statement values and dividend distributions of REITs and DPPs (collectively, "real estate investment programs") that are sold through broker-dealers, invest in real estate and do not trade on a national securities exchange.

Regulatory Notice 08-35

SEC Approves Amendments to NASD Rule 2810 (Direct Participation Programs)

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