top of page

FINRA Rule 5123 requires FINRA-member broker-dealers to file private placement offering documents (such as private placement memoranda, term sheets, or retail communications) electronically through the FINRA Firm Gateway within 15 calendar days of the date of first sale, unless an exemption applies.

 

Syndicate Legal Advisory Services provides nationwide legal document preparation services for broker-dealer firms required to prepare filings under FINRA Rule 5123 in connection with the sale of private placements. We prepare the filing form and organize related offering documents based on the offering information, document details, and specific instructions you provide.

 

Documents Commonly Prepared

We prepare a full range of documents associated with a Rule 5123 private placement filing, including but not limited to:

  • Private Placement Filer Form: Completion of the electronic filer form required by FINRA Rule 5123, including offering details, dates, and related information, based on the data you supply.
  • Notification of No Documents: Preparation of the required notification if no offering documents or retail communications were used, based on your instructions.
  • Document Organization: Organization and formatting of copies of private placement memoranda, term sheets, other offering documents, and retail communications (as defined in Rule 2210) that promote or recommend the private placement, including materially amended versions, for submission as directed by you.
  • Amendment Filings: Preparation of materials for filings of materially amended offering documents or retail communications, based on the revised materials you provide.
  • Related Supporting Materials: Organization of exhibits or attachments incorporating client-supplied offering documents or other materials referenced in the filing.

 

NOTE: This service does NOT include the drafting of a Private Placement Memorandum.

 

Documents are prepared for use in connection with electronic filings through the Private Placement Filing System in the FINRA Gateway (subject to the information you provide). Filings under Rule 5123 must generally be made within 15 calendar days of the date of first sale (or indicate that no such documents were used); certain offerings are exempt; clients remain fully responsible for determining whether a filing is required, the accuracy of the content, timely electronic filing via the FINRA Gateway, and compliance with all FINRA Rule 5123 requirements.

 

BD - PRIVATE PLACEMENT DOCUMENTS FILING (Rule 5123)

$165.00Price
Quantity
Steve Mueller Apple Store

Get the
Syndicate Subscription Legal App
In the Apple App Store

DISCLAIMER: The information on this site is for informational purposes only and should not be taken as legal or financial advice. Requesting additional information or submitting information through this site or any contact form does not mean an attorney-client, or any other professional services provider-client relationship has been formed. Syndicate Legal Advisory Services is a legal advisory firm. As a legal advisory firm, Syndicate Legal Services provides guidance, analysis, compliance support, and strategic counsel on legal matters, but does not litigate, appear in court, or formally represent clients in legal proceedings.

​

For Terms of Service, Disclaimer and Privacy Policy, click here.​​

For Mandatory Arbitration Policy, click here

​

bottom of page