News & Events

Partner David Blass was quoted in an article titled, “FINRA Proposal Might Ease Friction Between B-Ds, Fund Managers,” which was published by Private Funds CFO. The article discussed a recent proposed rule change by FINRA to allow for broker-dealers to offer private placement “projections” to qualified purchasers or institutional investors, which is currently prohibited under rule 2210. David noted that the rule as it currently stands “creates friction in the marketing process, because the fund manager is allowed to use these projections in their marketing materials and broker-dealers are not.” He goes on to further state, “I think FINRA appreciates that, and I’m guessing they wanted to provide clarity and relief. But I do think private equity firms will benefit from the clarity this rule provides, as well as the end of the prohibition on projections.”

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