Law Blog Tag: Financial and Operational Rules for CABs

SEC Has Approved FINRA’s New Category Of Broker-Dealer For “Capital Acquisition Brokers”

November 22, 2016 in CAB, FINRA, SEC

On August 18, 2016, the SEC approved FINRA’s rules implementing a new category of broker-dealer called “Capital Acquisition Brokers” (“CABs”), which limit their business to corporate financing transactions. FINRA first published proposed rules on CABs in December 2015. My blog on the proposed rules can be read HERE. In March and again in June 2016, Read the full article…