New York Affidavit & Report (Disinterested Person Certification Proceeding) (Private Placement) is a document that confirms the accuracy of information contained in a Private Placement Memorandum (PPM), which is a document used to solicit investments from private investors. The New York Affidavit & Report must be completed and signed by a disinterested person, such as an attorney or a Certified Public Accountant, who has reviewed the information in the PPM and has determined that it is true and accurate. There are two types of New York Affidavit & Report, one for a Private Placement offering and one for a Business Combination or Merger. The New York Affidavit & Report must be filed with the applicable state securities' regulator, often the New York Department of Financial Services. The New York Affidavit & Report is an important part of the due diligence process for investors, and helps to ensure that all information is accurate and that investors are making informed decisions.
New York Affidavit & Report (Disinterested Person Certification Proceeding) (Private Placement)
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