Skip to main content

Download Form

SDA Retail Communications Notice Clause

Description: If an underwriter has reason to believe that a distributor is forwarding information to retail investors the underwriter must assume that all information they give to the distributor will be treated as retail communications. To avoid this, the underwriter may want to include a clause in the SDA requiring distributor to apprise them of what information they are giving to retail investors and to cease doing so if necessary. The sample clause included here covers such a situation.
Form Type: Contract Clauses
Practice Area: Corporate & Securities

Date: Jul 2013
PLI Item #: 60263
Keywords: "selected dealer agreement"; "free writing prospectus"; underwriter; "broker-dealer"; FINRA; "Rule 2210(a)"; distributor; "filing requirements"; "structured notes"; "good faith and fair dealing"; "retail communications"; "principal approval"; "record retention"
Thank you for exploring PLI PLUS.
The content on this page is only available to subscribers.

To learn more about PLI PLUS subscriptions
please click on the link below or contact us at PLUS@pli.edu.