Post-Execution Financing Activities: Rapid Fire

What this video covers

• Why pitch materials belong in the deal file even though they predate the mandate, and why the file is not a closing artifact
• How the Securities and Exchange Commission (SEC) "records to be made" rule differs from the "records to be preserved" rule: one tells you what to create, the other tells you how long to keep it
• The three retention tiers: three years for order tickets and communications, six years for principal books and customer-account records, and life of the enterprise for organizational documents
• Why customer-complaint records are four years (not three or six) and why associated-person records run three years after termination, not from creation
• What write once, read many (WORM) storage requires and why a designated officer must grant regulators immediate access
• When the 90-day syndicate settlement clock actually starts: issuer delivery of securities, not the manager's internal book closing
• How the two-stage corporate-debt payout works: at least 70% of gross due within 30 days, remainder within 90, and why this never applies to equity initial public offerings (IPOs)
• Why delayed firm-commitment closings require immediate notice to the Financial Industry Regulatory Authority (FINRA) Operations Department, with fresh notice for every subsequent delay