Chaperoning Broker-Dealer Engagements – How Do They Work?
If you are a foreign broker dealer – that is, a broker-dealer NOT registered with the U.S. Securities & Exchange Commission (SEC) – you can still conduct securities business in the United States. Fortunately, you are not required to become a licensed U.S. broker dealer. Instead, you can partner with TOBIN and be “chaperoned” under […]
Common Pitfalls in M&A – and How to Avoid Them
It’s an understatement to say that delving into a merger with, or the sale or purchase of, a company is a momentous business move. It makes sense that the M&A journey can be fraught with pitfalls. These are the hazards that I, with my decades of M&A experience, find to be quite common and that […]
Mergers and Acquisitions: Key Steps and Strategies for Success
Growth through M&A is never accidental. It’s the result of deliberate strategic alignment, exhaustive planning and experienced execution. At TOBIN, we understand that pursuing a merger or acquisition isn’t about volume or vanity—it’s about precision, insight and value creation. Understanding the Difference: Merger vs. Acquisition A merger typically joins two companies of comparable size and […]
Maximizing Value: Why TOBIN is the Right Investment Banker for Your Small-Company Business Sale
Embarking on the journey of selling your business is a monumental decision, one that necessitates an advisor who not only comprehends the intricacies of mergers and acquisitions (M&A) but also tailors its approach to the unique aspects of your company. For sellers with revenues of $25 million or less, who may be feeling a bit […]
Know the Difference—Choosing between 506(b) and 506(c)
KNOW THE DIFFERENCE – EDUCATE YOURSELF! Your Reg D Private Placement Offering: Choosing between 506(b) and 506(c) for your Registration Exemption Last month I wrote to you about your registration exemptions when you sell a Reg D private placement. Generally, the exemptions that we choose from are 506(b) or 506(c): 506(b) – Old fashioned, been-around-forever […]
Your Private Placement Offering: Choosing between 506(b) and 506(c) for your Registration Exemption
(This newsletter is not intended to provide legal or investment advice and no legal or business decision should be based on its content. FYI.) I don’t get it. As an experienced Managing Broker-Dealer and financial professional, I just don’t get it. I don’t get why 506(b) private placements are more popular than 506(c) private placements. […]
A New Era for Private Capital Markets and the Path Forward
With this month’s election results, the United States enters a new phase, one that will undoubtedly bring shifts in the regulatory and economic landscape. As we navigate these developments, TOBIN’s focus remains resolute in providing unparalleled client service, unwavering regulatory expertise, seamless advisory services and rock-solid operational support for our partners and clients. As a […]
Outsourcing Your Securities Compliance to a Broker-Dealer
Navigating the Reg D Securities Offering Gauntlet Tobin & Company has served as a Managing Broker-Dealer (MBD) for private placement offerings for more than twelve years, bringing a wealth of experience in regulatory compliance and distribution support to sponsors creating QOF, DST and other offerings for their investors. When you engage TOBIN as your Managing […]
Issuing Your Opportunity Zone Fund
What are Opportunity Zones and Qualified Opportunity Funds? Opportunity Zones (OZs) are geographic areas identified by the U.S. federal government as target areas for economic development. They were designated by the Tax Cuts and Jobs Act of 2017, which offers tax incentives for investments in developing these areas to drive capital to them that would […]
In our defense – Why you need a Managing Broker-Dealer
If you’re a Sponsor selling private placements, are you trying to figure out if you should engage a Managing Broker-Dealer (MBD)? Have you learned about the SEC’s Rule 3a4-1, but when you ask your attorneys what you should do to comply with US securities laws, they give you different answers? At TOBIN, we get it. […]