Need Advice TODAY!! question about series 7/ private equity

jlevin860's picture
Rank: Chimp | 4

Hello fellow chimps! i'm quite new here and need some guidance.

i currently hold my Series 7/66 in southern california and work for AXA Equitable. ive only been here a few months but i had never planned to stay long.

today i interviewed at a private investment firm and the job looks extremely promising, but the owner is making me do some research before he commits.

here is the situation

the scenario: the owner is in the process of acquiring 3-5 private companies within the next months (revenues around 10 mil for each of them), once acquired, he wants to take the parent company public. the parent firm is not registered with finra or the SEC as a brokerage firm, and they use their own capital for their business acquisitions (most of their profits have come from commercial real estate,but they are expanding to acquisitions of other companies)

if i was hired, what would i be able to offer with my Series 7? i know i would need a principal license like the series 24, but is there a more specific license i would need? (for example, the series 24 does not make me an options principal, could that be necessary?)
the owner plans to go public this year, and once public would acquire more companies through stock purchases and buyouts. he would need help overseeing these purchases and managing the subsidiary firms. if i had my series 24 with my 7, and had the owner register his firm with finra, could this be beneficial?

bottom line: the owner will hire me if i can show that i can add value with my Series 7 to his firm, i just need help explaining how it will do that. =]

thank you all!!!
(and i am sorry if this is in the wrong forum, i didn't think it belonged in i-banking or trading)

Comments (5)

Mar 31, 2011

LOL compliance?

Apr 1, 2011

Dude, WTF are you talking about? Series 7 is only valid while you're working for a Finra registered and compliant registered agent. Second, this sounds completely bogus. He wants you to do his leg work. Sounds ridiculous and this guy doesn't sound like he has a whole lot of credibility. 5 companies x $10 million = $50 million... unless it some sort of speculative tech company with outsized growth prospects, I don't see a $50 million revenue company going public... and why is he trying to take this company public again? Makes no sense. What are this guys credentials?

Do your research, don't be a fucking idiot and quit your real job working for some hack because it "seems promising". Seriously, what could you possible know about how promising his deal prospects are. Use your head, jesus.

Apr 1, 2011

Solazyme just went public with 37MM of Revenues, algae fuel company. But yeah, i agree with Marcus, unless it has crazy growth opportunities ie. completely new market or some ridiculous competitive advantage... no way a 50MM Rev. company IPO's above the 100MM threshold...

Apr 3, 2011
HFFBALLfan123:

Solazyme just went public with 37MM of Revenues, algae fuel company. But yeah, i agree with Marcus, unless it has crazy growth opportunities ie. completely new market or some ridiculous competitive advantage... no way a 50MM Rev. company IPO's above the 100MM threshold...

I completely agree with your point, but wanted to point out solazyme still has not gone public, they just recently filed their s-1, I believe.

Apr 1, 2011
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