Let’s first get this out of the way – I’m a bit disappointed by the name. At the beginning of the summer, two names were in play as the Senate was working on the Genius Act and the House was working on the Stable Act. The chance existed for the ultimate legislation to be the…
Bike riding may seem uninteresting to many, but it amazes me and is encapsulated in this sentence (from today’s NYTimes) about removing training wheels — “Suddenly, your body and brain were forced to rapidly synthesize the disparate skills of balancing, pedaling, and steering.” To me, that rapid synthesis (that soon becomes ordinary) deserves a pause…
The Wall Street Journal has a largely unsurprising (to me) piece comparing the net performance of political, values, or ESG funds (collectively, “Values Funds”) to the indexes they strive to “improve” upon. The ultimate gist – they lag. Not terribly, but they all tend to drag behind the comparable index funds, particularly when you consider…
Cryptocurrency has taken several steps forward in the last month. On the financial markets side, Coinbase was formally included in the S&P 500 as of May 18. Though it is only .11% of the index, it is the 169th weighted stock and holds on its balance sheet some cryptocurrency. Further, as it is closely correlated…
June is not cybersecurity month (there is one, it’s October), but there has been some recent discussion about cybersecurity, Reg S-P, and related matters. In part, this is the result of upcoming implementation deadlines, as well as recent reminders by the SEC during the spring conference season. On the more ‘retail’ end, the Wall Street…
I’m excited to announce the launch of my investment adviser compliance consulting business called RiverBend Advisory Solutions. RiverBend is designed to help asset managers, across asset classes, manage and thrive in an increasingly complex and competitive environment – to leverage my expertise to serve the client’s investing acumen. RiverBend Advisory Solutions is built on the…
Now that the SEC has determined that meme coins are “more akin to collectibles” and therefore not their problem, we are left with some questions. Who is responsible? Does anyone need to be responsible? Like beanie babies, aren’t meme coins just harmless fun? The answer to the first – who will regulate meme coins –…
Late Thursday afternoon, the Securities and Exchange Commission issued a staff statement on meme coins. Gratefully, they stated the obvious — “meme coins are akin to collectibles.” But that’s accurate only as far as it goes. For good or for ill, the new SEC apparently has washed its hands of meme coins and declared meme…
