Is My Intermediary A “Finder” Or “Broker”?

Companies seeking to raise capital from outside investors might turn to an intermediary to help them identify or connect with new investors. Before retaining an intermediary, however, it is imperative for the company to determine whether the intermediary is a finder or broker according to the United States Securities and Exchange Commission (the “SEC”). If …

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MBBP’s John Tumilty Quoted on Fidelity Investments in NYT DealBook

On October 26, the New York Times Dealbook published an article on the administrative case filed against Fidelity Brokerage Service LLC by the Massachusetts secretary of the commonwealth, William F. Galvin. The brokerage division of Fidelity Investments has been charged with "dishonest and unethical conduct" for allowing at least 13 unregistered investment advisers to make trades …

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