Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.


In the News Press Release

FINRA's Capital Acquisition Broker Rules Face Tough Sell

Publisher: Law360
September 12, 2016

Eliza Fromberg was quoted in an article, "FINRA's Capital Acquisition Broker Rules Face Tough Sell," in Law360. The article examines the newly approved Financial Industry Regulatory Authority rules, which permit broker-dealers who engage in certain limited capital-raising activities to opt to be governed by lighter regulatory requirements. Brokers governed by the new rules are prohibited from soliciting so-called accredited investors, who represent a large constituency of private investors. "Had the rules been tweaked a bit to change the definition of institutional investor to include accredited investors, not only qualified purchasers, then I think this would potentially be attractive to a much larger number of broker-dealers," Fromberg said.

Related Professionals
New York, NY
T: (212) 297 5847