Due diligence meeting

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Due diligence meeting

Meeting legally required to be held by an underwriter to enable brokers to question a new issuer about an upcoming issue.

Due Diligence Meeting

An internal meeting held after the registration of a new security with the SEC but before the registration's effective date. Under the Securities Act of 1933, all accountants, counsel, underwriters, and managers can be held civilly liable for knowingly making false or misleading statements in the registration documents. In order to shield themselves from liability, representatives of the registrant conduct a meeting before the registration becomes effective to discuss and if necessary remedy any issues that may have arisen. This is considered a necessary part of due diligence prior to the issuance of a new security.
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Applicants were then graded based on in-person and telephone due diligence meetings and a ranking algorithm that factors in client retention, industry experience, review of compliance records, firm nominations, and quantitative criteria (including assets under management and revenue generated for their firms).
3 Review and comment on the preliminary and final official statements, participate in due diligence meetings, and participate in bond document review sessions.
The most common such service last year was support for due diligence meetings (87%), on exact par with the year prior.
A Cerberus spokesman added: "It is standard operating practice to hold due diligence meetings of this nature with government ministers in advance of making a bid, especially as we had never invested in Northern Ireland previously.
RIAs find white papers, thought leadership pieces and economic-oriented commentaries or outlooks most useful, while wirehouse advisors prefer sales ideas and seminars and regional and independent advisors prefer due diligence meetings and product training.
UK insurer Resolution said yesterday it had held due diligence meetings with rivals Standard Life and Pearl, but said it had held no talks on proposals and had received no firm offers from the suitors.
The independent nature of what we do has proven valuable during internal risk reviews, regulatory exams and client due diligence meetings," Turner said.
In terms of the products and services that DCIO providers make available to financial advisers, due diligence meetings top the list, with 83% offering this service.
They then conduct qualitative analysis where they perform scheduled, on-site due diligence meetings and investment committee discussions.
The vast majority, 83%, of these DCIO providers have a sales team dedicated to the financial adviser market, and they offer a plethora of services to advisers, including: due diligence meetings, research, adviser conferences, practice management, retirement plan sales and service training, support for investment committee meetings, plan benchmarking and lead generation.
Also, we have ongoing requirements for our 'CORE Academy' on real estate industry matters for financial professionals and due diligence meetings for regional securities broker/dealers," he added.
The visitors toured Bodisen's facilities as well as conducted due diligence meetings with management.