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FINRA Provides Guidance on Social Media Web Sites

In September 2009, the Financial Industry Regulatory Authority, Inc. (“FINRA”) organized a Social Networking Task Force to discuss how social media sites can be used for legitimate business purposes by firms and their registered representatives in a manner that ensures investor protection. In January 2010, FINRA issued Regulatory Notice 10-06 to guide firms on applying FINRA’s communications rules to social media sites like blogs and social networking sites. RECORDKEEPING RESPONSIBILITIES: …

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Simply put, convertible debt is debt you can covert to equity.  Convertible debt financing is much like a traditional loan in that a company borrows money from angel investors, friends, and family or even venture capitalists, and promises to repay it with interest by the end of the term of the loan. Convertible debt financing is often called “bridge” financing, because it provides a company with the capital it needs …

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