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?

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Itinerary:

https://lemmy.whynotdrs.org/post/52097

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Join the Community:

Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl

Join us on Lemmy - https://lemmy.whynotdrs.org/

Visit https://www.drsgme.org and https://www.whydrs.org

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Resources:

WhyDRS Database

https://lemmy.whynotdrs.org/post/21495

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GiveAshare Spotlight on WhyDRS

https://www.whydrs.org/buy-direct-using-give-a-share

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Malone Wealth Ventures

https://www.malonewealth.com

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SEI: Technology and Investment Solutions

https://www.seic.com

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SEC’s Investor Bulletin: Holding Your Securities - From 7/12/2023

https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts

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SEC’s Investor Bulletin: Holding Your Securities - Archived from 3/4/2003

https://web.archive.org/web/20230117041323/https://www.sec.gov/about/reports-publications/investor-publications/holding-your-securities-get-the-facts

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FINRA’s Know the Facts about Direct Registered Shares - From 7/12/2023

https://www.finra.org/investors/insights/know-the-facts-direct-registered-shares

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Special Thanks to:

Craiyon.com for help with the logo design

Wooch for the intro & outro music