FINRA Rule 5110 Requirements Checklist


Summary

This checklist provides guidance as to the requirements of Rule 5110 that company and underwriters' counsel should be aware of prior to making the necessary filings with the Financial Industry Regulatory Authority, Inc. (FINRA). FINRA Rule 5110, referred to as the Corporate Financing Rule, is the principal rule that governs the underwriting terms and arrangements in public offerings. The main function of the Corporate Financing Rule is to ensure that the underwriting terms, compensation, and other arrangements made in connection with the distribution of the securities in a public offering are not unfair or unreasonable.