Investor protection duties require bankers to an issue to exercise diligence, manage conflicts, and maintain robust compliance controls. Bankers to an issue must protect investor interests through integrity, fairness, prompt ethical service, due diligence and independent professional ... Summary
Investor protection duties require bankers to an issue to exercise diligence, manage conflicts, and maintain robust compliance controls.
Bankers to an issue must protect investor interests through integrity, fairness, prompt ethical service, due diligence and independent professional judgment. They must address investor grievances, avoid collusion, observe controls over applications and issue proceeds, and promptly issue collection certificates. They must manage and disclose conflicts, safeguard client confidentiality, prevent insider trading and market manipulation, maintain internal controls and compliance oversight, and supervise employees and agents.
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