FINRA Regulatory and Examinations Priorities Letter
The 2009 week, FINRA printed its annual priorities letter. Again, FINRA includes one of the regions of concern private placements. FINRA cites particular issues associated with insufficient research by broker-dealers regarding the private placements, insufficient appropriateness assessments, misleading offering documents, and too little measures in choices which use escrow accounts. The letter also raises increased concerns in exempt choices involving using general solicitation. See: http://world wide web.finra.org/web/groups/industry/@ip/@reg/@guide/documents/industry/p602239.pdf.