Sponsoring Market Makers In Going Public Transactions

One step in going public transactions is obtaining a stock trading or ticker symbol from theFinancial Industry Regulatory Authority (“FINRA”). For a company to obtain a ticker, a sponsoring market maker must submit an application on Form 211 on the issuer’s behalf to the FINRA.

Sponsoring markets makers have become one of the  most important players in the going public process because they are the only ones who can apply for a ticker symbol.

Market Maker Registration

FINRA Issues Crowdfunding Portal Proposals

On October 25, 2013, FINRA announced the release a set of proposed funding portal rules and forms for equity crowdfunding.   Funding portals that engage in crowdfunding on behalf of issuers relying on the JOBS Act’s crowdfunding exemption must register with the SEC and become a member of a national securities association.

FINRA’s proposals consist of rules and related