Freedom Holding: Approval for expansion into capital markets and investment banking activities in the US
On January 25, 2022, Prime Executions, a subsidiary of Freedom Holding, based in New York City, received Financial Industry Regulatory Authority, Inc. (“FINRA“) approval for expansion into capital markets and investment banking activities in the US. Thus, Prime Executions is now authorized to provide underwriting services, retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and consumer banking.
“It is a great honor and responsibility for us to receive the approval from the regulatory authority of the U.S. capital market to act as a direct organizer of initial public offerings (IPOs) in the US. Only a few companies in the entire market have this feature. I am confident that these opportunities will help to take our activities to a new level,” said Timur Turlov, head of Freedom Holding.
“With the support and resources of Freedom Holding Corp. we intend to actively promote and develop our services, mergers and acquisitions advisory in the United States,” added Prime Executions president and CEO Robert Wotziak.