Background

  • Capstone completed due diligence for a private equity firm that was considering refinancing a futures brokerage firm.

Process

  • We engaged in several dozen one-on-one meetings and conversations officials, industry participants, lawmakers, academics and other key stakeholders at institutions including:
  • Commodity Futures Trading Commission (CFTC); and
  • National Futures Association (NFA).

Outcome

  • We concluded the company was in fact likely to benefit from more industry-friendly leadership at the CFTC following the change in administration, the winding down of the post-crisis regulatory pipeline and continued regulatory pressure on both small independent brokers and the company‚Äôs large bank competitors.
- Capstone LLC -

Washington DC

-Capstone Research Limited-

London