Feb 24 2016 | DI Wire
Axiom Capital Management Inc., a full-service broker-dealer, terminated its dealer management agreement with VII Peaks Co-Optivist Income BDC II Inc., a non-traded business development company, according to a filing with the Securities and Exchange Commission.
Axiom served as a non-exclusive managing broker-dealer in the BDC’s continuous offering of common stock, receiving a 3 percent dealer manager fee and 7 percent selling commission.
Axiom’s termination letter did not provide a reason for the termination, but VII Peaks believes it was because a post-effective amendment to their registration statement for its continuous offering has not been declared effective by the Securities and Exchange Commission.Go Back
The time (at Blue Vault's 2nd Annual Broker Dealer Educational Summit) proved extremely informative.