Sounds like a success story.
What is the NYT’s beef?
What is the NYT’s beef?
Deep down, their own miserable corporate performance.
The logic in this article is mind boggling...the broker-dealer registration of the firms mentioned is because they are doing those investment banking functions in the Public Securities Markets! Publicly traded securities are regulated by the SEC. When Joe Blow sells his manufacturing business to an private buyer it is not a regulated activity - nor is it if he hires consultants to come in and help improve the business. Because of the size it needs to be regulated? Bain can market the IPO to the public, they hire a broker dealer. But not necessary to solicit investors when the company is private -although they probably would to increase distirbution.