Search Results for keywords:"initial public offerings"

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Search Results: keywords:"initial public offerings"

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  • 2025-05448 — Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Notice of Filing of a Proposed Rule Change To Exempt Certain Business Development Companies From FINRA Rules 5130 (Restrictions on the Purchase and Sale of Initial Equity Public Offerings) and 5131 (New Issue Allocations and Distributions)
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    Type:Notice
    Citation:90 FR 14284
    Reading Time:about 20 minutes

    The Securities and Exchange Commission is considering a proposed rule change submitted by the Financial Industry Regulatory Authority, Inc. (FINRA). This change aims to exempt certain business development companies (BDCs) from existing restrictions on buying and selling initial public offerings (IPOs). Specifically, non-traded BDCs will be allowed to purchase new IPOs more easily, just like publicly traded BDCs and other investment companies. This move is designed to give these non-traded BDCs and their investors better access to diverse investment opportunities, potentially improving their portfolio balance and investments in new stock issues.

    Simple Explanation

    Imagine there are rules about who can buy shiny new toys when they first come out. The people who make the rules want to let certain groups that usually can't buy these toys when they're new get a chance to buy them, hoping they can have more fun and new toys to play with.

  • 2024-28222 — Submission for OMB Review; Comment Request Extension: Rule 15c2-8
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    Type:Notice
    Citation:89 FR 95257
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has requested the Office of Management and Budget (OMB) to approve an extension of the existing data collection required under Rule 15c2-8. This rule mandates that broker-dealers deliver prospectuses to certain individuals during securities offerings, including initial public offerings (IPOs), with a specific "48-hour rule" for IPOs. Broker-dealers must also maintain accurate records to identify those requesting prospectuses. The SEC estimates significant time and cost burdens for compliance, and a 30-day public comment period for this request is open until January 2, 2025.

    Simple Explanation

    The Securities and Exchange Commission wants to continue a rule that makes sure certain people get important papers about companies when they are selling their stocks, like when they first start selling shares to the public. They are asking for people's thoughts until January 2, 2025, and they say this can be costly for companies to follow.