LAS VEGAS, NV / ACCESSWIRE / July 23, 2024 / VX Global Inc. announced its engagement with a nationally recognized compliance consulting firm, Luxor Financial Group (www.luxorbd.com), signaling its intent to file to become a FINRA registered broker-dealer to engage in the Private Placement of securities. Currently, VX Global, Inc. is not a broker-dealer and acts only as a marketing agent and presentation materials preparation specialist.
With a proven track record in presentations, due diligence, marketing, documentation and filing knowledge, VX Global Inc. is well-prepared to transition into a broker-dealer, showcasing its expertise and reliability.
This broker-dealer intends to offer highly vetted products with rigorous due diligence standards and pre-installed exit strategies attached to each issuer's offering, setting it apart in the market.
In making the announcement, VX Global CEO Jonathan Pappie said: "We firmly believe in the necessity of a well-organized investment banking entity in the marketplace. We are confident that our forward-looking internal modeling will lead to a successful enterprise.
"This move was necessary to serve our investors and clients better. As an investment marketing firm, we cannot interface directly with investors or execute a closing. We recognized that many of our clients lacked the internal capability to execute successfully and smoothly after generating interest. By becoming a broker-dealer, we can immediately act on interest and ensure a seamless investment process. We are backing this process with more than $300,000 invested capital in marketing and compliance-oriented software. This demonstrates our commitment to Issuers and our confidence in our ability to excel in this market space."
Gregory McAndrews, head of Investor Relations, pointed out: "Our current lead generation using social media, traditional communications and competitive fund analysis with robust CRM parameters have been installed in our process and will benefit the VX Global selling agents."
Mr. Pappie added: "Our compliance department will have highly experienced personnel with more than 30 years of combined BD experience on our steering committee. Our broker-dealer will fulfill the spirit and letter of Full Disclosure (FD) principles and universally recognized best practices. Assuming we achieve broker-dealer status, many functions will remain in separate corporate entities with fully enforced firewalls, so team members do not violate established regulatory procedures."
He concluded: "We will also be engaging a third-party broker-dealer that we are entering a strategic relationship with to ensure a registered broker-dealer will be attached to all of our efforts."
About our CEO: Jonathan Pappie has 32 years of experience in the capital markets. He has spoken at multiple events and has interacted with the World Bank, the Entrepreneur in Residence Office of the SBA, and the SEC Small Business Issuers Advisory Committee. He is also on the leadership team for the International Trade Council. He is a bonded and licensed Document Preparation Agent, having recently passed an FBI background check for the State of Nevada in late May.
About our Partner: Since 1972, Gregory McAndrews has served as a financial public relations counselor to more than 250 public and private companies, raising more than $2.2 billion with the firm's marketing support plans. These were primarily in the "Special Situation" sector, with the sponsor having little prior experience or marketing paths. He was previously the Public Relations Manager for the computer peripherals divisions of NCR Corp. and Control Data Corporation.
Disclaimer: Neither VX Global Inc. nor VX Securities Inc. is a FINRA-registered broker-dealer. Statements here are future-looking and should not be construed as a confirmed or approved entity. Any references to becoming a broker-dealer merely stating the intent of the company's strategic vision and the relative actions therein. We may or may not achieve approved broker-dealer status. At this point, we cannot offer FINRA broker-dealer services or act as a FINRA broker-dealer; only through a third-party broker-dealer.
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For more information on Greg McAndrews & Associates:
"Financial Communications Since 1972"
Gregory A. McAndrews
greg@gregmcandrews.com
310-804-7037
www.gregmcandrews.com
SOURCE: VX Global, Inc.
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