FNEX Newsletters

The FINRA Disciplinary Actions for November 2024 highlight ongoing efforts to enforce compliance and maintain investor protection. This month’s cases reveal significant penalties for anti-money laundering (AML) failures, supervisory lapses, and violations of Regulation Best Interest (Reg BI). Below is …

According to a recent report from Jeffries, global secondary volume was $68 billion, a 58% increase in volume in H1 2024. The increase in volume is due to both an increase in the AUM of secondary funds and an increased …

Market euphoria?  Beware, we may be entering recession.  The US has been adding about $1T in national debt every 100 days since February of 2024– crisis spending, supposedly during economic expansion.  What happens when that spending is reduced?  The massive …

The rapid expansion of artificial intelligence has positioned data centers as crucial infrastructure, with U.S. companies driving a construction boom in this sector. Since the release of ChatGPT and similar tools, U.S. data center construction spending has surged to nearly …

As we approach the second half of 2024, the merger and acquisition landscape is poised for significant activity. With evolving market conditions and emerging opportunities, companies must be proactive in their strategies. Westlake Securities emphasizes the importance of preparedness and …

In its latest report, FINRA highlighted several significant disciplinary actions for September 2024, targeting both firms and individuals for violations of securities laws and regulatory requirements. These enforcement actions are crucial in maintaining integrity and investor protection within the financial …

Earlier this month, AI market-leader OpenAI made headlines with a $6.6B capital raise. Structured as a convertible note, this raise may either show a return to a vibrant venture market like 2020-2021 or signal the peak of a frothy AI …

FNEX’s pre-IPO brokers, saw a slowdown from Q1-Q2 with most of the activity focused on primary fundraising. AI, Defense and Space continue to be the only verticals experiencing buyer demand.  Caplight’s recent market report shows secondary market activity down 28% …

Our FNEX Darkpool marketplace quality increased in Q1. Here’s what we’re tracking: More looks at primaries & blocks w/ diligence:  Since March 2024, ~70% of deals matched on Caplight were SPVs, and 77% of those came with diligence materials Caplight Q1 …

After a few lean years of venture financing, 2024 has featured a few blockbuster financing rounds for relatively young companies in generative AI. Unlike prior years in which large rounds sparked movement in the secondary market, this year we’ve seen …

Every spring, hundreds of compliance and legal professionals from across the financial industry head to our nation’s capital for the Financial Industry Regulatory Authority (FINRA) Annual Conference. The purpose of the conference is for FINRA and Member Firms to meet …

In October of 2023, some institutions came back to the market, indicated by increased trading volume and average deal size. As indicated in the Caplight graphs below, Pre-IPO price performance continues to rebound and trading volume has picked up since …