Getting investment advice from 'Dad'.

• Author: Marshall, Jeffrey
• Position: CAPITAL MARKETS - Designated Advisor for Disclosure - Brief article

London has "Nomads." Now the U.S. has "Dads." Both are designated advisors set up to help small companies understand and comply with listing requirements and public disclosure obligations.

The London Stock Exchange created the Nomad--Nominated Advisor--position for its Alternative Investment Market, or AIM, which caters to small companies. The "Dad" (for Designated Advisor for Disclosure) label is a new one created by Pink Sheets LLC, the over-the-counter, New York-based market, in conjunction with its launch of a new market tier, the OTCQX, which began trading early in March.

"Each OTCQX company must nominate either an investment banker or attorney as their DAD to advise them in providing disclosure to the market and meeting the OTCQX listing requirements," Pink Sheets noted in an announcement. "The DAD advisory role is...