On the 25th of January 2022, New York-based broker Prime Executions Inc., a subsidiary of Freedom Holding Corp. received approval from the American regulator FINRA to expand its capital markets and investment banking functions in the US.
Prime Executions is now authorised to provide underwriting services, service mergers and securities transactions, and participate in the merger of organisations. Additionally, the company will provide advice to market participants.
"It is a great honour and responsibility for us to receive the right from the American regulator to act as a direct organiser of initial public offerings in the US. Only a handful of companies in the entire market have such authorisation. I am sure that these opportunities will help take our business to the next level", said Timur Turlov, head of Freedom Holding Corp.
"With the support and resources of Freedom Holding Corp. we intend to actively promote our services and grow our holding operations in the States", added the President and CEO of Prime Executions Inc. Robert Wotziak.