15a-6 Chaperoning and Compliance for Foreign Investment Firms
Finalis Securities is a FINRA-registered broker-dealer that enables foreign investment banks and placement agents to access U.S. capital markets compliantly, with the compliance infrastructure, license sponsorship, and deal platform to support your practice.
Why Foreign Firms Choose Finalis as Their 15a-6 Chaperone
Finalis is a FINRA-registered broker-dealer built to serve as chaperone of record for foreign firms accessing US institutional investors under Rule 15a-6. Firms affiliate with Finalis specifically for this function: filing the required notice, maintaining books and records, and providing the supervisory oversight Rule 15a-6 requires for every covered contact with a US institutional investor.
Members bring their own relationships and deal activity. Finalis provides the registered infrastructure: compliance oversight, FINRA-registered personnel participating in chaperoned calls and meetings, and the recordkeeping Rule 15a-6 demands. You maintain your practice and your client relationships. Finalis handles the regulatory structure behind the scenes.
Onboarding starts with a review of your current activity and the US investors you intend to reach. Finalis can quickly onboard most foreign firms, so you can get back to focusing on your deals.
Compliant Access to U.S. Capital Markets
Foreign investment firms can engage U.S. institutional investors through a chaperoning arrangement under SEC Rule 15a-6, without registering their own U.S. broker-dealer. Finalis Securities provides the FINRA-registered broker-dealer infrastructure and compliance framework to structure that arrangement.
Connect with Finalis
Structure a chaperoning arrangement under SEC Rule 15a-6, enabling your firm to engage U.S. institutional investors through Finalis Securities without registering your own U.S. broker-dealer.
Access a network of 900+ affiliated members across M&A, capital raising, and private placements, with co-advisory and referral opportunities on active transactions.
Participate in Virtual Networking Sessions and member events exclusively for Finalis affiliates.
FINRA-Registered Broker-Dealer
Finalis Securities holds FINRA registration and operates under SEC requirements across all 50 U.S. states and territories. The chaperoning arrangement provides foreign firms with U.S. regulatory coverage through Finalis Securities, managed through a single structured agreement.
The Finalis network includes 900+ affiliated members across M&A, capital raising, and private placements. Co-advisory relationships and referral opportunities are available across the network for firms working on active transactions.
Finalis members access deal platform tools covering compliance review, engagement letter management, virtual data rooms, and transaction documentation.
What members say
“The broader Finalis community is powerful. Finalis has basically created a collaboration space for individual firms, which gives us the collective power and resources of a much larger institution.”
The listed firm is a current client of Finalis Securities and was not compensated for its statement.
Integrated Compliance and Deal Management
The Finalis platform handles the compliance and documentation requirements of a 15a-6 chaperoning arrangement within a single environment. Compliance review, engagement letter management, supervisory recordkeeping, and transaction documentation are managed together, from engagement letter through close.
Frequently asked questions
What is Rule 15a-6?
Rule 15a-6 is an SEC exemption that allows foreign broker-dealers and investment banking firms to conduct limited investment banking and securities activities with US institutional investors without registering as a US broker-dealer. Under the rule's primary commercial pathway, the foreign firm conducts covered US-directed activities through a US-registered broker-dealer — a chaperoning arrangement.
How does 15a-6 chaperoning work?
A foreign investment firm partners with a US FINRA-registered broker-dealer that assumes supervisory responsibility for the foreign firm's US-directed activities. The US broker-dealer executes trades, issues confirmations and account statements, safeguards client funds and securities, and maintains the records required under FINRA and SEC rules.
How long does setup take?
Most firms can expect the process to take a few weeks once the required documentation is in order. Finalis' onboarding team manages the process and can provide a specific estimate based on your firm's situation.
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Join the growing network of independent bankers, placement agencies, and M&A advisories backed by Finalis.
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