The Financial Industry Regulatory Authority requested comments on proposed amendments to its rules restricting activities of entities registered as capital acquisition brokers. These entities are solely authorized to engage as placement agents for sales of unregistered securities to institutional investors and advising equity funds and companies on capital raising and corporate restructuring. Among other things, the proposed amendments would authorize CABs also to be registered as investment advisers and provide advisory services solely to institutional clients; expand the scope of eligible institutional investors CABs may deal with to knowledgeable employees; allow CABs to be compensated in the form of securities issued by a privately held CAB client; and require CABs to adopt policies and procedures to preclude insider trading where such risks may exist. FINRA will accept comments through March 30, 2020.