Real Estate SecuritiesPeter Fass, New York Law Journal
Best Efforts Private Offerings: Advice on Promptly Transmitting Subscriptions
In his Real Estate Securities column, Peter Fass writes that a key issue in broker-dealer compliance in a best efforts offering is the interpretation of 'promptly transmit' or 'promptly forward' subscription proceeds. He discusses SEC and FINRA interpretive advice touching on this issue.
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