Supporting Capital Formation: FINRA’s Evolving Regulatory Approach

FINRA Unscripted hosts a conversation with Joe Sheirer, Senior Vice President, Corporate Financing, and Gaby Aguero, Vice President, Corporate Financing, about how FINRA is modernizing its regulatory framework as new products, players and risks emerge. They cover 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 wider ecosystem. The episode description also lists related rules and notices, including Rule 2210 communications with the public, Rules 5110, 5123, 5130, 5131 and 2310, and the Capital Acquisition Broker rule amendments.

1. FINRA staff describe amendments to its rules and a quarterly regulatory policy agenda.
2. The episode covers expanded IPO access and the new issue allocation rules (5130 and 5131).
3. A recently approved proposal on projected returns in marketing materials is discussed, alongside an SEC-approved Rule 2210 change on performance projections and a comment request on modernizing Rule 2210.
4. FINRA points to data it publishes to help the ecosystem operate, plus investor education resources.