Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, November 9, 2007

SEC Approves New Rule on Fairness Opinions

FINRA issued Regulatory Notice 7-54, announcing that effective December 8, 2007, new NASD Rule 2290 (Fairness Opinions) requires specific disclosures and procedures addressing conflicts of interest when member firms provide fairness opinions in change of control transactions, such as a merger or sale or purchase of assets.

http://lawprofessors.typepad.com/securities/2007/11/sec-approves-ne.html

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