FINRA’s 2020 Risk Monitoring and Examination Priorities Letter identifies a number of areas of focus for the examination program in the coming year. Here we highlight particular areas of focus for capital markets practitioners:
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SEC Chair Clayton has noted in many public remarks that the growth of the private capital markets have outpaced the U.S. public markets. Many of the most promising companies now choose to defer their IPOs and remain private, raising capital in successive exempt offerings. While the JOBS Act brought about a number of changes to,…
At the Economic Club of New York, in keynote remarks, Chair Clayton reviewed the Securities and Exchange Commission’s recent initiatives. He highlighted the Commission’s adoption of Regulation Best Interest (Reg BI). Repeating a common theme, Chair Clayton discussed concerns relating to increased reliance on the private capital markets. Clayton noted that, while twenty-five years ago,…
FINRA has released guidance, in question-and-answer format, with respect to FINRA member firm requirements to make filings under FINRA Rule 5122 and Rule 5123. The Q&A addresses a number of frequently asked questions, including whether a placement agent may file on its behalf and on behalf of other placement agents, the types of materials that…
May 23-24, 2019
Live Program: PLI New York Center
1177 Avenue Of The Americas, Second Floor
New York, NY
Join us as we walk you through the basics of private placements, resales of restricted securities, Section 4(a)(1-1/2) transactions and block trades. We will address the changes to private and exempt offerings brought about by the…
McKinsey Global Private Markets Review 2019 provides important data on the private markets. The report notes that private equity’s net asset value has grown more than sevenfold since 2002, which is twice as fast as global public equities. Private markets, the report concludes, have gone from alternative to mainstream. See the full report here: https://mck.co/2Ux3IkZ
Tuesday, February 26, 2019
Registration: 8:30a.m. – 9:00 a.m.
Program: 9:00a.m. – 10:00 a.m.
Location
Mayer Brown LLP
1221 Avenue of the Americas,
New York, NY 10020
Successful privately held companies considering their liquidity opportunities or eyeing an IPO often turn to late stage private placements. Late stage private placements with institutional investors, cross-over investors…
FINRA today published its Report on FINRA Examination Findings and highlights private placement related concerns. In its examinations of the practices of many broker-dealers, the report notes FINRA found instances where the diligence review undertaken in connection with private placements was not sufficient in scope or depth to be considered a “reasonable investigation of the…
Wednesday, August 15, 2018
1:00 p.m. – 2:00 p.m. EDT
PIPE transactions remain an important capital-raising alternative. Whether a public company is seeking to finance an acquisition, effect a recapitalization or restructuring, or facilitate a liquidity opportunity for an existing stockholder, a PIPE transaction may be the most efficient approach.
During this session, Partner…
Large, late stage private capital raises for privately held companies continue to be the preferred method of financing growth for many new companies, particularly those in the tech sector. A recent analysis conducted by data provider CB Insights examined what the industry calls “mega-deals” or “private-IPOs,” which are private placements raising over $100 million in…
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