While in New York, Kevin O’Hagan and Joseph Vaughan (Philadelphia) presented “TIC’s, REITS and BDC’s, Does the JOBS Act Change Anything?”. With private placement TIC’s and REIT’s creating a wave of investor litigation, are broker dealers simply moving to the sale of BDC’s as an alternative, higher-yield investment strategy? If so, does the new Jumpstart Our Business Startups Act create more opportunities for the creation of Business Development Companies? This presentation offers insight into this new Act, prior claims and litigation surrounding similar investments and what it all means for broker-dealers.