:David Weild IV

Weild graduated from Hotchkiss School preparatory in 1974, then went on to earn a B.A. from Wesleyan and an M.B.A. from New York University's Stern School of Business.{{cite web |url=http://www.hotchkiss.org/news/detail.aspx?linkid=5270&moduleid=185 |title=AUGUST 2012: DAVID WEILD IV '74 |date=August 1, 2012 |accessdate=December 28, 2012 |url-status=dead |archiveurl=https://web.archive.org/web/20150620140654/http://www.hotchkiss.org/news/detail.aspx?linkid=5270&moduleid=185 |archivedate=June 20, 2015 }}

Weild spent the first fourteen years of his career in senior management positions at Prudential Securities. In the mid-1990s he was head of its global equity transactions.{{cite magazine |url=http://www.businessweek.com/stories/1994-04-03/beware-the-ipo-market |archive-url=https://web.archive.org/web/20141204011211/http://www.businessweek.com/stories/1994-04-03/beware-the-ipo-market |url-status=dead |archive-date=December 4, 2014 |title=Beware The Ipo Market |date=April 3, 1994 |accessdate=December 28, 2012 |magazine=Businessweek |author=Cover story}} In 1999 he moved from the head of its technology investment banking business to run PrudentialSecurities.com.{{cite news |url=https://www.nytimes.com/1999/11/25/business/insurer-unit-set-to-acquire-investing-firm.html |newspaper=The New York Times |accessdate=December 28, 2012 |date=November 25, 1999 |title=Insurer Unit Set to Acquire Investing Firm |author=PATRICK McGEEHAN with LAURA M. HOLSON}} He then transitioned to running the combined customer-facing internet services businesses of Prudential Financial.{{cite web |url=http://www.investmentnews.com/article/19991122/SUB/911220704 |title=New Jobs |publisher=Investment News |date=November 22, 1999 |accessdate=December 28, 2012}}

Soon afterwards, Weild became the executive vice-president for corporate clients at NASDAQ.,{{cite magazine |url=http://www.businessweek.com/stories/2001-04-29/what-else-can-go-wrong-at-nasdaq-well-dot-dot-dot |archive-url=https://archive.today/20130215161212/http://www.businessweek.com/stories/2001-04-29/what-else-can-go-wrong-at-nasdaq-well-dot-dot-dot |url-status=dead |archive-date=February 15, 2013 |title=What Else Can Go Wrong at Nasdaq? Well... |author=David Henry |magazine=Businessweek |date=April 29, 2001 |accessdate=December 28, 2012}} and subsequently its Vice Chairman.He left the position in July 2003{{cite web |url=http://www.finextra.com/news/fullstory.aspx?blogview=recent&newsitemid=9391 |date=July 8, 2003 |accessdate=December 28, 2012 |title=Nasdaq brings in Aust and Blatney}} to become CEO of the National Research Exchange.{{cite web |url=https://money.cnn.com/magazines/fsb/fsb_archive/2006/02/01/8368183/index.htm |title=A seal of approval for small-company investments |date=February 14, 2006 |accessdate=December 28, 2012 |website=CNN Money |author=Julia Boorstin}} He later founded Capital Markets Advisory Partners and simultaneously led the Capital Markets Group of Grant Thornton LLP.{{cite web |url=http://ghostexchangemovie.com/theexperts/expert7-2/ |title=David Weild Iv, Founder & Chairman Capital Markets Advisory Partners |accessdate=December 28, 2012 |date=October 9, 2012 |url-status=dead |archiveurl=https://web.archive.org/web/20121229013954/http://ghostexchangemovie.com/theexperts/expert7-2/ |archivedate=December 29, 2012 }} Capital Markets Advisory Partners was later renamed Weild & Co. Holdings.{{cite web|url=http://search1.bloomberg.com/search/?content_type=all&page=1&q=%22David%20Weild%22 |title=David Weild on Bloomberg |accessdate=December 28, 2012 }}{{dead link|date=December 2016 |bot=InternetArchiveBot |fix-attempted=yes }}

In December 2002, he was elected as Chairman Emeritus of [https://www.wsj.com/articles/BL-WNB-1327 Tuesday’s Children], a charity organization supporting families affected by 9/11 and US military families that lost a family member.{{Cite web |title=David Weild IV |url=https://dignitygold.com/dignity-gold-team/david-weild-iv-chairman/ |access-date=2024-07-09 |website=Dignity Gold |language=en-US}}

Weild became known nationally for his advocacy of changing the US laws applied to IPOs when he was interviewed for a 1994 cover story on the issue by Businessweek.{{Primary source inline|reason=We need a secondary source establishing that he became known for this, not just the primary source itself|date=March 2020}} Weild wrote articles on the subject for several international business newspapers over the years. In August 2010 he wrote about the equity market structure's systemic unfairness to small investors in an article for the Financial Times.{{cite news |url=http://www.ft.com/intl/cms/s/0/1f6e817c-b3cb-11df-81aa-00144feabdc0.html#axzz2GOEHD74t |author=David Weild |title=Equity market structure caters to interests of the few |date=August 30, 2010 |accessdate=December 28, 2012 |newspaper=Financial Times}} In October 2011 he called also for a new stock market to support small companies in an op-ed run in The Wall Street Journal.{{cite news |url=https://www.wsj.com/articles/SB10001424052970203554104577001522344390902 |title=How to Revive Small-Cap IPOs |newspaper=The Wall Street Journal |author=David Weild |date=October 27, 2011 |accessdate=January 3, 2012}} He himself had overseen more than 1000 equity offerings during his career.{{cite web|url=http://www.grantthornton.com/staticfiles/GTCom/Public%20companies%20and%20capital%20markets/Bios/Weild_David_bio.pdf |title=David Weild Bio |accessdate=December 28, 2012 |url-status=dead |archiveurl=https://web.archive.org/web/20150620135247/http://www.grantthornton.com/staticfiles/GTCom/Public%20companies%20and%20capital%20markets/Bios/Weild_David_bio.pdf |archivedate=June 20, 2015 }} His studies have also been cited by national magazines. In November 2009 The Economist wrote about stock market structure as a possible cause for the decline in the number of publicly listed companies, citing work published at Grant Thornton LLP by Weild.{{cite news |url=http://www.economist.com/node/14853140?story_id=14853140 |title=High-speed slide |date=November 12, 2009 |accessdate=January 3, 2012 |newspaper=The Economist}}

In February 2012 he wrote for Crain's New York Magazine about rebuilding the IPO market for smaller firms, especially in the shadow of the failed Facebook IPO.{{cite news |url=http://www.crainsnewyork.com/article/20120212/SUB/302129981 |author=David Weild |title=Rebuilding the IPO market |date=February 12, 2012 |accessdate=December 28, 2012 |publisher=Crain's New York Business}} A few months later, the US Congress passed legislation to improve IPO financing rules. Weild became known as the head of the New Markets Movement,{{cite web |url=http://www.thestreet.com/story/11378432/1/new-markets-movement-takes-aim-at-sarbanes-oxley.html |accessdate=December 28, 2012 |publisher=TheStreet.com |title=New Markets Movement Takes Aim at Sarbanes-Oxley |date=January 17, 2012}} pushing for an end to one-size-fits all stock markets. His efforts led The Wall Street Journal to call him the "Small-cap IPO evangelist".{{cite news |url=https://blogs.wsj.com/venturecapital/2012/01/13/movement-aims-to-rally-investors-to-fix-ipo-market/ |author=Russ Garland |title=Movement Aims To Rally Investors To Fix IPO Market |date=January 13, 2012 |accessdate=January 3, 2013 |newspaper=The Wall Street Journal}} Weild also co-authored a section of the 2012 book Broken Markets by Financial Times Press, in which he made a direct link between the lower number of American IPOs and lowered job creation.{{cite web |url=http://blogs.cfainstitute.org/investor/2012/11/23/book-review-broken-markets/ |title=Book Review: Broken Markets |author=Rodney Sullivan |date=23 November 2012 |publisher=CFA Institute}}

On June 20, 2012 Weild provided testimony to the U.S. House of Representatives Financial Services Committee

Capital Markets and Government Sponsored Entities Subcommittee's "hearing on market structure: Ensuring orderly, efficient, innovative and competitive markets for issuers and investors". He testified that inadequate tick sizes were damaging the ability of Wall Street to properly execute and support IPOs. As a result, small cap companies were being deprived of access to capital which in turn was undermining growth in the American economy.{{cite web |url=http://financialservices.house.gov/uploadedfiles/hhrg-112-ba16-wstate-dweild-20120620.pdf |title=Hearing on market structure: Ensuring orderly, efficient, innovative and competitive markets for issuers and investors |accessdate=December 28, 2012 |date=June 20, 2012 |publisher=U.S. House of Representatives}} He also testified several times before the SEC Advisory Committee on Small and Emerging Companies and US Congress in the effort of passing the April 5, 2012 Jumpstart Our Business Startups Act through the US government, including hearings in November 2009 and June 2010.{{cite web |url=https://www.sec.gov/info/smallbus/acsec/acsec-backgroundmaterials-060812.htm |title=Background Materials Provided to Members |date=June 8, 2012 |accessdate=December 28, 2012 |publisher=SEC}} Weild continued to testify before the US government regarding their ineffective rules for dealing with small cap corporations.{{cite web |url=https://www.sec.gov/info/smallbus/acsec/acsec-090712-weild-kim-slides.pdf |date=September 7, 2012 |publisher=SEC |author=David Weild and Edward Kim |title=Making stock markets work for the economy: The trouble with small tick sizes}} The JOBS Act was signed into law by the President in April 2012. The final bill relied heavily on studies done by Weild and coauthor Edward Kim.{{cite book |url=https://books.google.com/books?id=hRVxh0F830sC&q=David+Weild+JOBS+act&pg=PA196 |page=196 |author=Sal L. Arnuk, and Joseph C. Saluzzi |title=Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street are Destroying Investor Confidence and Your Portfolio |year=2012 |publisher=FT Press |isbn=9780132875264 |accessdate=January 3, 2013}} His efforts have led him to be known as the "Father" of the JOBS Act, according to Forbes Magazine.{{cite magazine |url=https://www.forbes.com/sites/devinthorpe/2013/08/06/live-interview-with-crowdfunding-leader-david-weild-iv/ |date=August 6, 2013 |magazine=Forbes Magazine |accessdate=October 11, 2013 |author=Devin Thorpe |title=Live Interview With Crowdfunding Leader David Weild IV}}{{cite web |url=http://www.pli.edu/Content/Faculty/David_Weild_IV/_/N-4oZ1z12ykw?ID=PE1045377 |title=David Weild IV |accessdate=October 11, 2013}}

Part of what Weild called for in 2012 was the potential founding of a new stock market that could handle the financing needs of small cap companies, and promote small businesses in the US. The goal for him is to grow the number of IPOs per year, by creating conditions that could suit the aftermarket support needs of companies smaller than those currently pursuing IPOs as a part of their business strategies.{{cite magazine |url=https://www.forbes.com/forbes/2011/0411/focus-nasdaq-david-weild-stock-exchange-trading-places.html |title=Trading Places |author=Emily Lambert |date=March 23, 2011 |accessdate=December 28, 2012 |magazine=Forbes}} In changing the size of ticks, Weild has argued that fractions of stock prices is too hard to differentiate for a lot of investors, and that ticks could instead be measured in terms of pennies, nickels, dimes, or quarters, instead of simply pennies or fractions.{{cite news |url=https://www.wsj.com/articles/SB10001424127887324296604578175233023543800 |newspaper=The Wall Street Journal |author=Telis Demos |title=On Second Thought, Fractions May Not Add Up |date=December 12, 2012 |accessdate=December 28, 2012}} Weild has stated that larger economic incentives to support small-capitalization stocks could buoy prices and liquidity leading to more IPOs and, thus, an acceleration in job creation. He has warned that the number of IPOs required per year to simply maintain historical numbers of publicly listed companies in the U.S. is at least 360, and that this number has not been met since 2000.{{cite magazine |url=https://www.forbes.com/2010/01/29/kaufman-market-structure-intelligent-investing-trading.html?boxes=Homepagechannels |magazine=Forbes |title=The Short-Time Senator |date=February 1, 2010 |accessdate=December 28, 2012 |author=Alexandra Zendrian}} A pilot program completed by FINRA and reported on July 3, 2018 found no support for this position. It found that in comparison to a control group quoting small cap stocks in nickels instead of pennies decreased trading, rather than increased it as predicted, and did not increase or even decreased the number of market makers for those stocks.{{cite web |url=http://www.finra.org/sites/default/files/tick-size-pilot-assessment.pdf |title=Assessment of the Plan To Implement A Tick Size Pilot Program |publisher=Financial Industry Regulatory Authority |date=August 2, 2018|accessdate=September 25, 2018 }} Weild was unpersuaded by the results of the study, citing unspecified problems with the pilot. ""I'm 100% right," Weild said.{{cite news | url=https://www.barrons.com/articles/sec-tick-size-pilot-program-1536961160 |publisher=Barron's |title=Congress' Failed Stock Market Experiment Cost Investors $900 Million |date=September 14, 2018 |accessdate=September 25, 2018 |author=Bill Alpert}}

Weild is the brother of stage actress, director, and choreographer Kim Weild.

He is married. His first child was born in 2001.{{cite news |url= http://www.huffingtonpost.com/david-weild-iv/but-for-the-grace-of-god-_b_1870187.html |author=David Weild |title=But For the Grace of God Go I |date=September 10, 2012 |accessdate=December 28, 2012 |work=Huffington Post}}

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Category:American investment bankers

Category:Living people

Category:Year of birth missing (living people)