Alternative Investments: What Regulators Are After
June 19, 2013, 2:18 PM EDT
Law360, New York (June 19, 2013, 2:18 PM EDT) -- Regulators continue to pursue investigations and enforcement actions involving alternative investments. At the Financial Industry Regulatory Authority's annual conference in May 2013, FINRA representatives described the new FINRA Corporate Finance Department program to review filings of offering materials pursuant to FINRA Rule 5123 and make referrals to FINRA's Member Regulation and Enforcement regarding perceived due diligence failures for private placement offerings.
FINRA also plans to issue a report in early summer on conflict management practices, which will include a particular focus on “the controls firms have...