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Gladstone Place Partners handled the launch of the Members Exchange or MEMX, which is envisioned as a low-cost stock exchange designed to challenge the New York Stock Exchange and NASDAQ.
Financial heavyweights Fidelity Investments, Morgan Stanley, Charles Schwab, Bank of America Merrill Lynch, UBS and TD Ameritrade back MEMX, which they believe will lower cost, simplify trading and increase operational transparency.
The Wall Street Journal noted Jan. 7 that Wall Street brokers and traders have been frustrated for years about the high fees charged by the US stock exchanges.
MEMX will file an application with the Securities and Exchange Commission during the first-quarter for approval to operate a national securities exchange.
GPP’s Patricia Figueroa and Max Dutcher represent MEMX.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
