Chris Stanley

PSA for anyone using a virtual meeting transcription service that auto-joins all meetings and emails the transcription to all attendees: Any pre-meeting 'banter' with your colleagues before the counterparty joins may also be transcribed and emailed to said counterparty.

Preach! 🇺🇸 "The current regulatory environment for our financial system inhibits investment and too often punishes success. Unclear, overly politicized, complicated, and burdensome regulations are stifling capital formation, while American investors are flooded with disclosures

Reuters pegs SEC staff voluntary departures (i.e. buyouts) at about 12% - or 500 to 700 staffers; additional forthcoming involuntary departures are TBD. Leases on the SEC's Philadelphia and Los Angeles regional offices are also set to terminate (and potentially the Chicago

I'm so sick of posting updates about the !@#$% FinCEN Beneficial Ownership Information reporting rule, but hopefully this will be the last one for a while (or forever): All U.S. companies and U.S persons are now exempt from FinCEN BOI filing obligations, as the requirement now https://t.co/lx80QAtCNA

I've officially reached the "listening to Darude/Sandstorm on loop" phase of annual ADV amendment season... 🤘🎧. Go time. https://t.co/2IXLPnDOUc

Want to see what the Federal Registrar looked like in 1961 when the original recordkeeping rule was adopted by the SEC? It was apparently adopted alongside "Plums grown in California: Grade and size regulation" and "Explosives and other dangerous articles; miscellaneous https://t.co/a1AdIGUu82

Let's play "which one of these services is not like the others" on the Georgia Secretary of State - Securities Division website: https://t.co/N38AA765DL

💯 The same can be said of every SEC policy directive, not just crypto

Hester Peirce @HesterPeirce

Enforcement is an important tool for the SEC, but it's not the right tool for crafting policy: https://t.co/eaa1gXkt6w

The latest in the FinCEN beneficial ownership information reporting saga: filing obligations won't be enforced and another interim final rule is apparently forthcoming by March 21 ↓ https://t.co/eI1kmXXPDB

Treasury Department @USTreasury

The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines…

I don't know why I haven't asked this earlier: Why on earth does the Form U4 require advisors to list their height and weight? It seems to me that neither the regulatory bodies the Form U4 is filed with (nor the internal or external compliance personnel that file Form U4s on

We've helped a bunch of advisers convert from state to SEC registration (especially recently). By my estimation, about 80% of these new SEC registrants were examined within the first 12-18 months of SEC registration approval. The SEC has published two extremely helpful Risk

It's pretty crazy that two otherwise identical advisers can be subject to such divergent rules/regs based simply on whether registered with the SEC or a state (and which state, at that). Here's a non-exhaustive list of state burdens that have no SEC equivalent: → Many states

6 y/o son: What does Beach Street Legal do? Me: We help people follow rules and regulations. 6 y/o son: Why don’t you just change the rules? Me: … And thus, Beach Street Legal 2.0 was conceived. When I retire from law, Beach Street Legal will become a lobbyist for RIAs.

As a SF Bay Area to STL transplant, the housing cost differential never ceases to amaze me (and overall COL as well).

unusual_whales @unusual_whales

The least affordable home markets in 2024 were Los Angeles, San Francisco and Anaheim, where homebuyers would have needed to spend over 75% of their pay on monthly housing costs, per Redfin. Pittsburgh, Detroit and St Louis were the most affordable.