News | 02.04.20
FINRA Plan Would Allow Capital Acquisition Brokers to Register as Advisors
FINRA is accepting comments on amendments to its rules on capital acquisition brokers (CAB) that would allow them to register as investment advisors. FINRA says the changes to CAB rules are intended “to make them more useful to CABs without reducing investor protection.” The changes would allow CABs to register as investment advisors as long as the advisory services are provided only to institutional investors. FINRA will accept comments on the potential rule changes until March 30.
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