This week on Taking Stock, we started off with a recap of some recent project and website updates from the DRS team including the WhyDRS Database and the GiveAshare spotlight page. After that, we welcomed Kevin Malone, CEO of Malone Wealth Ventures, a registered investment adviser. In the wake of Apex and Mainstar, Kevin has been investigating an alternative to potentially help clients direct register their shares without exposure to shaky custodians. Kevin talks about his experience so far with SEI, who may offer a service for registered investment advisers to maintain client assets in a segregated account and in their own names. The episode is closed with a group discussion about recent SEC and FINRA bulletins which introduce new and more explicit language about direct registration and about the distinction between plan designated holdings and book designated holdings. Which conclusions we can try to draw from them?
We’d love to have Kevin on again! If you have any questions or thoughts about the episode, leave them below.
Next Wednesday 8/9/23, we’ll be Taking Stock with Peruvian Bull. Follow this community to get updates about next weeks episode.
Taking Stock #2 Links and Resources
Twitter Link:
https://twitter.com/i/spaces/1BdxYyrWAjlxX
mp3 Link:
https://static.wixstatic.com/mp3/06e09f_dbaabf09986243e1ad8e65932c4e5ac4.mp3
Itinerary:
https://lemmy.whynotdrs.org/post/52097
Resources:
GiveAshare Spotlight on WhyDRS
SEI: Technology and Investment Solutions
SEC’s Investor Bulletin: Holding Your Securities from 7/12/2023
SEC’s Investor Bulletin: Holding Your Securities archived from 3/4/2003
FINRA’s Know the Facts about Direct Registered Shares from 7/12/2023
Thanks for sharing! Haha totally forgot that Kevin had written a Benzinga article. I’ve been dismissing articles for so long now I don’t even register the ‘pro’ GME ones 😅
