Financial tombstone
A Financial Tombstone (Engl. Financial grave stone ) is a common in the financial sector award for successful IPOs (IPO) or other financial transactions, often in the form of a cube or a figure of glass or Plexiglas . The brokers and underwriters involved in the IPO or transaction are honored .
Origins
The reasons for the habit of expressing recognition for work performed in the form of a tombstone lie in the regulatory provisions of the Securities and Exchange Commission , which require a purely textual announcement of the process and prohibit other forms in order to prevent advertising for the individual security . Such displays are called “tombstone” in English because of the resemblance to a gravestone inscription.
Individual evidence
- ^ A b Ronald Melicher, Edgar Norton: Introduction to Finance: Markets, Investments, and Financial Management ( English ), USA TODAY . Edition, John Wiley & Sons, New York 16 April 2004 ISBN 1118137868 , p.18 (Accessed June 3, 2013).