BDs/RIAs should be aware of changes they may be seeing in current PPMs due to varying interpretations of the July 1, 2020 FINRA Regulatory Notice 20-21, providing guidance on NTM 2210, relating to communication with the public on DPPs. In the Notice FINRA indicates they may feel it unreasonable to have public communication which includes …
BDs/RIAs – Something New and Different in Private Placement Disclosures
Current Private Equity Market in Covid environment vs. 2008-2009 Recession? Bain & Company, a specialized global consultant to the private equity (“PE”) industry, feels the PE market will behave more favorably in this current Covid environment versus the 2008-2009 global financial crisis (“GFC”). Credit markets have tightened, but not frozen. Banks are generally putting new …
S&P Global* reports that CUSIP* request volume surged significantly across corporate and municipal issuers, reversing a trend of flat to declining volumes of the prior two months. The September volumes were driven by an almost 85% monthly increase in requests for corporate debt identifiers and an 18% request for corporate equity identifiers. North American corporate …
CUSIP Volume Surges in September Led by Higher Corporate and Municipal Totals