Insights

SEC Proposes Amendments to Exchange Act Rule 15c2-11

Washington D.C., March 16, 2026 — The Securities and Exchange Commission today proposed amendments to Exchange Act Rule 15c2-11, which sets out certain information gathering and review requirements for broker-dealers that publish quotations for, or maintain a continuous quoted market in, securities in the over-the-counter (OTC) market.  Since its adoption, Rule 15c2-11’s focus has been

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SPAC and De-SPAC Transactions: Key Tax Issues, Structural Challenges, and Shareholder Considerations

Special Purpose Acquisition Companies, or SPACs, created a powerful alternative path to the public markets for private companies seeking liquidity, growth capital, and a broader investor base. While SPAC transactions can offer speed and flexibility compared to traditional IPOs, the structure of a SPAC merger—commonly referred to as a de-SPAC transaction—is often far more complex

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Beyond the Private Sale: Liquidity Solutions for Private Equity and Family Office Portfolio Companies

Private equity firms and family offices are always looking for better ways to create liquidity, maximize portfolio company value, and execute successful exits. But not every portfolio company is best served by a traditional private sale. In many cases, strategic buyers are selective, private market valuations are compressed, and conventional exit routes fail to reflect

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