RDR has decided that the Summer of 2015 will mark the end of the Private Offering Market platform. The platform has not developed to a level that provides the value RDR originally intended when it was conceived in 2013 and RDR is shifting focus to another product in development.
We are currently focused on the development of a new 506(c) based investor management product offering that will debut mid-year. In addition, there have been numerous quality third party platforms that have been developed in recent years that 506(c) clients may utilize and RDR has decided not to focus on a product or service that is not a core component of our original mission statement. We will notify clients of an exact date of termination of the POM platform when that time is determined.
Friday March 20, 2015
Category: Corporate News
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