Supporting Capital Formation: FINRA’s Evolving Regulatory Approach

A FINRA podcast episode in which Joe Sheirer and Gaby Aguero of the Corporate Financing department discuss how the regulator is updating its rule set as products, players and risks change. The conversation covers recent amendments to FINRA rules, expanded IPO access, a recently approved proposal concerning projected returns in marketing materials, and the data FINRA publishes for the market. The episode notes accompanying resources including the SEC-approved Rule 2210 change on performance projections, Regulatory Notices 26-14 and 26-04, and rules on underwriting terms, private placements, new issue allocations and direct participation programs.

1. FINRA says it is modernizing its regulatory framework to keep pace with new products, players and risks while keeping investor protection central
2. The discussion covers recent amendments to FINRA rules and expanded IPO access
3. A recently approved proposal concerns projected returns in marketing materials, referenced alongside the SEC-approved Rule 2210 performance projections change
4. FINRA is publishing data intended to help the wider ecosystem operate more effectively