To find an international brokerdealer to help you invest in this huge new IPO, click here.

China National Nuclear Power Corp., one of the top two state nuclear-power giants, will raise as much as $2.16 billion in what is set to be the country’s largest domestic initial public offering in five years.

CNNPC plans to sell up to 3.89 billion new shares, or a quarter of its total, in the sale, according to its IPO prospectus, filed to the Shanghai Stock Exchange on Monday. The offering’s expected launch date is June 2.

The share float is poised to be the largest in the domestic market since China Everbright Bank Co. raised $2.6 billion in Shanghai in August 2010, according to data provided by Dealogic.

China National Nuclear Group holds a 97% stake in CNNPC. About 40% of China’s total nuclear energy is generated by operators controlled by CNNPC. Excluding issuance-related fees, the firm will raise 13.4 billion yuan ($2.16 billion), according to the prospectus. CNNPC will allocate 4.18 billion yuan of the raised capital to replenish its holdings of cash, and will invest the rest in the construction of projects in Fujian, Zhejiang, Hainan and Jiangsu provinces. Citic Securities, UBS AG and China Securities are the underwriters for the deal.

To continue reading about this explosive new IPO about to hit the markets, click here.

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To continue reading about the international fraud scheme, Depalo’s charges, click here

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Let’s go to the video, Spotify’s chief exec says.

The world’s biggest audio music streamer, with 60 million active users, said Wednesday it decided to broaden its offering, in part to capitalize on Americans’ long commutes, Spotify’s CEO told The Post in a private interview.

“A lot of Americans are sitting in their cars for a long time,” explained CEO Daniel Ek, who was in New York to announce at a press conference a slew of new business initiatives with the help of Tiësto, D’Angelo and Questlove.

“Tens of millions had connected to Spotify via Bluetooth but they still didn’t play music their entire drive,” said Ek, adding that heavy Spotify users wanted news, weather, traffic and podcasts, too, so he approached content providers about what they could offer.

The streaming music giant wants to expand its user base in advance of a much-hyped IPO, looking to take on the likes of Snapchat, YouTube and Facebook with a collection of video clips.

To continue reading about the changes in services for Spotify as they could soon launch an IPO, click here.

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There are many brokerdealers who are Finra, SEC, and FBI compliant, to find one of those click here. 

In most professions, it would take only one or two acts of egregious conduct before troubled employees were shown the door. In the case of one stockbroker who has repeatedly had complaints from investors, it took 69 customer disputes filed over the last 13 years before he was barred from the business.

The stockbroker, Jerry A. Cicolani Jr., had complaint after complaint documented in his formal record. Regulators and employers spotted red flags. Yet the organization primarily responsible for monitoring the nation’s 637,000 brokers, the Financial Industry Regulatory Authority, did not bar Mr. Cicolani until September 2014.

The Securities and Exchange Commission had already sued him, in May 2014, over his role in a Ponzi scheme. His most recent employer, PrimeSolutions Securities, based in Cleveland, fired him a day after that lawsuit was filed. And his customers had lodged complaints as far back as 2002.

To continue reading about the legal implications Mr. Cicolani is now facing, click here

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Bombardier Inc. said Thursday it was preparing to spin off a minority stake in its train business, a move that would create another big publicly traded train maker in Europe while helping the Canadian company to shore up its balance sheet as it continues to work on bringing its troubled CSeries jet to market.

The planned initial public offering of Bombardier Transportation marks Chief Executive Alain Bellemare’s first strategic move since Bombardier tapped the former United Technologies Corp. executive in February to help revive its fortunes. Bombardier has bet much of its future growth on its new CSeries commercial jet, but costly delays have delayed the aircraft’s launch, prompting the management shakeup and a strategic review of operations to generate efficiencies.

Family-controlled Bombardier plans to sell a minority stake in Bombardier Transportation in an IPO in the fourth quarter, and list the shares in Germany where the business is based. The business would compete for investor attention with two other listed train makers in Europe: Germany’s Siemens AG and France’s Alstom S.A.

The sale will enable Montreal-based Bombardier, meanwhile, to further bolster its financial position after it raised about $3 billion earlier this year from an issue of new debt and equity. An IPO would also, the company hopes, demonstrate the rail unit’s real value. The business’s valuation has suffered because it is paired with the struggling aerospace division.

To continue reading about this IPO, which will be launched in Germany, click here.

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Bitcoin is a form of currency that is tied directly to the Internet and is the world’s first free market, decentralized global currency. It is operated through an open-source software so there is no central control unlike the US dollar or Euro. Similarly to gold, only 21,000,000 Bitcoins will ever be created so the value of the Bitcoin continues to rise as time goes on. Bitcoins can be exchanged for goods and services as well as currencies such as the US dollar and the Euro. As long as people trust that Bitcoin has value, people will continue to invest in it.

Brokerdealer.com’s database has many qualified brokerdealers who are prepared to help you navigate the world of Bitcoin and how you can use it to your advantage when it comes to investing. 

Overstock is an American online retailer headquartered in Cottonwood Heights, Utah. It initially sold surplus and returned merchandise on an online e-commerce marketplace but in recent years has expanded to sell new merchandise as well. 

This brokerdealer.com blog update is courtesy of Finextra News’ article, “Overstock looks to issue Bitcoin-style stocks” with an excerpt below.

Last year Overstock CEO Patrick Byrne hired developers and lawyers in an effort to create a platform – dubbed ‘Medici’ – that could use the core blockchain technology to create a cryptosecurity trading system, in which computer algorithms are used to trade virtual stocks issued by public companies.

The firm has now filed a prospectus related to the sale of securities with the Securities and Exchange Commission, adding: “We may decide to offer any of the securities described in this prospectus as digital securities, meaning the securities will be uncertificated securities, the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies.”

The prospectus says that these digital securities would not be traded on any existing exchange but on a specific system registered with the SEC as an ATS open only to subscribers that agree to trade exclusively through vetted broker dealers.

To continue reading about the brokerdealer-only Bitcoin exchange plan for Overstock, click here. Additional coverage on this story can also be found at MarketsMuse.com .

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The growth of low-cost robo-advisors has made one thing clear to financial industry analysts: Human advisors who provide little more than investment advice have their work cut out for them.

“Advisors need to be more strategic about what they can offer clients,” said Will Trout, a senior analyst for research and consulting firm Celent. “Stock picking is a waste of time, and allocating has become a commodity because it can be executed by algorithms. So advisors have to operate at a much higher level and [address] a client’s unique situation,” he said, adding, “Otherwise, what are clients paying for?”

So-called robo-advisors are automated online investment advisory services. Along with providing automated, algorithm-based portfolio management advice, some of them offer automatic portfolio rebalancing and tax-loss harvesting.

Robo-advisors also charge less than the industry standard of 1 percent of assets managed for financial advisory services. And that, say analysts, is going to put pressure both on industry fees and on advisors themselves to justify fees that are higher than a robo’s.

To continue reading CNBC’s article on human advisors combatting robo-advisors, click here.

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Houlihan Lokey Inc., known for advising companies on midsize mergers and acquisitions and big bankruptcies, is gearing up for a deal of its own.

The firm is planning for an initial public offering of stock this year, according to people familiar with the matter, which would make it the latest independent investment bank to cash in on increasing client and investor demand. A Houlihan IPO could raise more than $200 million, the people said. Based on valuations of similar firms, Houlihan could be worth more than $1.5 billion.

The firm, founded in 1972, has been investigating a possible IPO since last year, and recently decided to move forward with one, the people said. Houlihan is discussing the plan with banks interested in arranging the deal, including Goldman Sachs Group Inc. and Bank of America Corp., though any share sale isn’t expected until the second half of the year, the people added.

To read the entire article on the Wall Street Journal’s website, click here.

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Convicted felon David Scott Cacchione, who was barred from the brokerage industry in 2009 for helping orchestrate a $100 million fraud scheme, has been barred again by the Securities and Exchange Commission after he tried, while still incarcerated, to re-enter the securities industry through a registered investment adviser.

Mr. Cacchione, 50, attempted, as others barred from the brokerage industry have, to play on the dual licensing of brokers and investment advisers to resurrect a career in the securities industry.

Mr. Cacchione pleaded guilty in 2009 to securities fraud for pledging the securities of unknowing clients to secure more than $45 million in personal loans for a friend. The scheme eventually resulted in almost $47 million in losses, according to the FBI. He also engaged in unauthorized trading in the accounts of clients, including a local children’s charity and an elderly widow, according to the SEC.

Mr. Cacchione was sentenced to 60 months in jail followed by three years of supervised release and ordered to pay nearly $50 million in restitution. According to the SEC, he had paid only $502 of that as of last August.

For the entire article from InvestmentNews, click here.

The post Banned BrokerDealer, Cacchione, Backs Into Industry via RIA —Gets Busted Again appeared first on BrokerDealer Blog.

GoDaddy Inc., the provider of domain names and website hosting, is seeking a valuation of as much as $2.87 billion in an initial public offering.

The company is seeking to raise as much as $418 million, offering 22 million shares at $17 to $19 apiece, according to a regulatory filing Thursday. Those terms imply a market value of $2.57 billion to $2.87 billion.

GoDaddy’s IPO comes more than three years after a group led by KKR & Co. and Silver Lake Management acquired the Scottsdale, Arizona-based company for $2.25 billion. Now that the price range is set, GoDaddy can officially begin marketing the sale to investors. The IPO is scheduled to price March 31, according to data compiled by Bloomberg.

In 2014, GoDaddy posted $1.39 billion in revenue, a 23 percent jump from the prior year. Its net loss narrowed to $143.3 million over the same period, from $200 million in 2013, the filing showed.

To read the full article from BloombergBusiness, click here.

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