📈SEC Proposes Collection Renewal for Rule 607 Compliance
The SEC is seeking comments on the information collection process related to Rule 607, which governs sales materials for securities issued by small business investment companies and business development companies. The regulation aims to protect investors by preventing misleading sales practices, and the SEC plans to submit this collection for approval to enhance regulatory compliance and operational transparency.
Learn More📈FINRA Proposes Rule Change for Non-Traded BDCs and IPO Access
The SEC published a notice regarding FINRA's proposed rule change to exempt certain business development companies (BDCs) from compliance with specific rules related to the purchase and sale of new issues. This change aims to enhance non-traded BDCs' ability to invest in initial public offerings, thereby increasing capital access for these entities and their investors while promoting market integrity.
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