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Home > Financial Services > Stock Brokers > Nyppe Llc
Nyppe Llc
Nyppe Llc. is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
The company was founded in 1998 by former executives of Bear Stearns & Co, Inc. and is headquartered in Greenwich, CT. The company is a leading provider of liquidity solutions for alternative assets to general partners, limited partners, private companies, shareholders, and their advisors worldwide.
The company is client-focused and results oriented. The company has led the consolidation of its sector by acquiring Off Road Capital; Private Trade; and US Venture Exchange. Forbes has named NYPPE (Off Road Capital) as the Best of the Web for venture investments each year since 2000 through 2005. In 2004, the U.S. Internal Revenue Service granted a private letter ruling to the company which, in summary, states that private partnerships whose interests are offered for purchase and transferred at NYPPE will not be considered to be publicly-traded and that NYPPE's services are not established securities markets under IRS. Further, a private partnership whose interests are transferred through the NYPPE Qualified Matching Service, and that meets the requirements for a QMS Safe-Harbor or Exemption, may permit limited partner interest transfers for up to 10 percent of the partnership in a single year, versus the 2 percent standard.
The out source service is Qualified Matching Services, Transfer Operations Management, Quarterly Fund IRR and Relative Rank Reports, Fair Value Analysis for Secondary Acquisitions, Scenario IRR Analysis for Secondary Acquisitions and Private Suites for In-House Private Equity Divestitures.
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