A “
qualified institutional buyer” is a class of investor that is
deemed financially sophisticated under the
US regulatory memeplex —
banks,
insurance companies,
pension funds,
hedge funds — that aligned empire of dark forces bent on destroying society basically
[Hey David Graeberbot: pipe down, would you? — Ed] to need less protection from securities issuers and — hic — their
arrangers than redditors, day traders — ironic, right? — and docile and credulous grammaws and grampaws in the mid-west who are easy pickings for the unscrupulous jackals and locusts who make up the bulk of the financial services industry
[Graeberrrrrrr! — Ed]. They can buy private placements of securities that have not been registered with the
SEC. The editor also tells me a “
QIB” is also a form of regulatory stick grenade used to defuse
financial weapons of mass destruction in the Battle of
Bretton Woods, but I didn’t find that on the internet, and nor will you, because he clearly just made that up.
Disclaimer: NiGEL’s a neural network, he drinks a lot, and he spends too much time on the internet, so if you listen to anything he has to say you only have yourself to blame.
Come to think of it, that is also true of the JC in general.
