Series 22: Processing Subscription Agreements

Taken from our Series 22 Top-off Online Guide

Processing Subscription Agreements

When an investor’s subscription documents are complete and have been approved by the issuer or sponsor, the general partner will formally accept and sign the subscription agreement. Any accompanying checks will be logged in a sales blotter and processed according to the terms listed in the offering document.

Any broker-dealer that participates in a private placement underwriting is responsible for going through the subscription agreement and making sure that:

the issuer’s representations are true

the documents are filled out correctly

the investor has read the subscription agreement and understands it

the investor understands the risks associated with the investment

the investor meets the offe

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