Curious about engaging a broker/ sale side advisor in Canada/ USA:

Adding to Mike’s comments, some of it is semantics. Brokers or Investment Bankers will not say that anything was verified because of liability issues but the line between discovery and verification is sometimes thin. Having worked with a public accounting firm, I have also seen the kind of disclaimers auditors include in their “verification” after spending months on completing checklists. Recently there was a famous case of JP MORGAN suing the seller of a fintech company as one of the most sophisticated banks in the world could not verify the authenticity of the customers that the target firm claimed to have. Hiring good counsel and a CPA/due diligence firm is our standard advice to our buyers.

1) Most sell side brokers have exclusive deals with. You may see one deal on multiple platforms b/c the broker is marketing it through different channels, and sometime b/c they are co-brokering. Very rarely, one seller will give engage more than one broker.
2) Does or should a sell side brokers do DD? It depends on what one means by DD. Is DD a "discovery" of information or "verification" of information? It is in the interest of the broker to maximize "discovery" as early as possible. It is buyer's responsibility to do the "verification". High-volume broker shops are thin on "discovery". I have 80/20 rule. 80% "discovery" before going to market and 20% "verification".