How This Filing Requirement Differs From Related Rules

What this video covers

• Why filing the private placement notice with the Financial Industry Regulatory Authority (FINRA) does not satisfy the Securities and Exchange Commission's (SEC) Form D requirement, and vice versa
• The shared 15-calendar-day deadline trigger from the date of first sale, and which filing rolls off weekends and holidays versus which one does not
• How to spot the weekend trap: only SEC Form D deadlines roll to the next business day, while FINRA private placement notice deadlines remain fixed
• When the member private offering rule applies instead of the standard private placement notice: securities issued by the member itself or by a control entity
• What a control entity is: any entity that controls the member, is under common control with it, or is controlled by the member or its associated persons
• Why an offering filed under the member private offering rule is exempt from the private placement notice, and why you never file the same offering twice with FINRA