Community Discussions
Explore the latest discussions and community conversations related to this domain.
New transfer agent Equity Stock Transfer will be agent for upstream / merj exchange. ERL dividend coming back soon?
Main Post:
Just got this email. 😎🚀🤞
Hi Douglas
We’re excited to announce that Equity Stock Transfer, LLC (“EST”), an SEC-registered stock transfer agent based in New York City today announced that it has deployed a fully operational Application Programming Interface (“API”) to automate the transfer of securities from its software systems to and from Upstream, a MERJ Exchange market.
EST and Upstream have created an integrated suite of technology solutions that deliver an automated in-app solution allowing public company shareholders to transfer their shares between an issuer's primary listing exchange and Upstream.
Quotes from Management
“This is a tremendous accomplishment. We can now provide a valuable benefit to issuers who lack secondary trading liquidity by offering their valued shareholders a frictionless experience in depositing their shares from record ownership at EST directly onto Upstream for secondary trading.”
- Mohit Bhansali, co-founder, and CEO of Equity Stock Transfer
With a tap of a button, shareholders of Upstream issuers that have EST as their transfer agent may now transfer shares via EST to the Upstream secondary market for improved liquidity, price discovery, and instant trade-settlement. This API collaboration with EST also allows non-U.S. shareholders to deposit shares for trading, where they may otherwise have struggled to deposit shares with U.S. brokers, as many brokers do not accept, deposit, clear or trade low-priced stocks, or stocks held by non-U.S. shareholders.
- Brian Collins, Upstream co-creator
Read Press Release Sincerely, The Upstream Team Download Upstream today on iOS or Android. Join Upstream’s Discord community
Top Comment:
Would you work for a startup in exchange for equity only or equity plus a very low salary?
Main Post:
Have you ever considered working for a startup for only equity?
It's a hypothetical scenario, but let's say you come across a company with a mission you love, but they can't afford to pay you. Would you still be willing to work for them in exchange for equity? Or how about minimum wage + equity?
It's a risk, but it could also be an opportunity to be a part of something great from the ground up. #startups #stockoptions #job
I would love to hear your thoughts...
Top Comment:
Would you work for a startup in exchange for equity only or equity plus a very low salary?
No, no and no.
If their idea is so flimsy that they can't even convince investors or banks to give them some funds to get it started, then equity might as well be oak leaves.
I'd sooner flat out volunteer part time for an org with a mission I love.
But as far as working? It has to pay bills -- for real.
US Securities and Exchange Commission is preparing to impose tough rules on private equity, real estate and hedge funds
Main Post:
Logo Zephyrnet Private Equity Private fund industry prepares for battle over sweeping US rules Republished By Plato Republished By Plato Date:
August 21, 2023 Views: 0
The global private funds industry is bracing for one of the most sweeping regulatory reforms in its history as the US Securities and Exchange Commission prepares to impose tough rules on private equity, real estate and hedge funds.
The far-reaching rules, first proposed in February 2022, are aimed at protecting investors by requiring detailed quarterly reporting on performance, prohibiting secret side deals that give better terms to some investors and limiting what expenses private managers can pass on to their clients.
If the SEC adopts them unchanged at its open meeting on Wednesday, they would capture not just tens of thousands of US private funds but also overseas managers who take money from American investors.
The changes would be the most significant overhaul since at least the 2010 Dodd-Frank financial reform law for an industry with $25tn in assets, and “potentially ever”, said Christine Lombardo, an attorney at Morgan Lewis.
“For the first time, really, the SEC, especially in the institutional space, [would be] effectively dictating what terms you can and can’t give in the context of institutional arrangements between private fund managers and their investors,” she said.
Industry groups warn that because the rules do not exempt existing arrangements, tens of thousands of contracts with investors, some of them decades old, will have to be torn up and renegotiated within the next 12 months. Several are threatening to file a lawsuit, arguing that the SEC is improperly trying to control investment terms by limiting what funds and clients can agree to.
“If the rules come out as proposed, we feel the SEC would be exceeding its statutory authority,” said Jack Inglis, chief executive of the London-based Alternative Investment Management Association. “It really upends the whole concept of freedom of contract between buyer and seller.”
Jennifer Han, chief counsel of the US-based Managed Funds Association, said: “They have failed to identify a market failure and they haven’t done a proper cost-benefit analysis.”
The SEC declined to comment, but chair Gary Gensler defended the reach of the proposal earlier this year, saying: “Congress said we had a role to consider efficiency and competition in the capital markets . . . They didn’t leave out so-called sophisticated investors.”
Consumer groups have said the proposals improve accountability and transparency in a rapidly growing sector that receives trillions of dollars in public pension money and is increasingly seeking money from very wealthy individuals.
They particularly praised the SEC for requiring increased disclosure and proposing to ban side agreements that give some investors more favourable terms on crucial issues such as redemption limits.
“This industry is full of conflicts of interest and shady side agreements . . . The private fund advisers are making a killing in the shadows,” said Dennis Kelleher, chief executive of Better Markets, a financial reform group.
Fund managers are particularly exercised by a rule that makes managers financially liable for “negligence” rather than a harder-to-meet standard of “gross negligence”. They said it would curtail innovation and returns by making managers more reluctant to try novel strategies.
The overseas fund industry could be hit as well. Two-thirds of new private market investment came from North America last year, according to a McKinsey study.
“Many London-based fund managers who have US investors are going to be subject to these rigid US rules,” said Marc Elovitz, partner at Schulte Roth & Zabel. “It could cut US investors off from a lot of these funds.”
https://zephyrnet.com/private-fund-industry-prepares-for-battle-over-sweeping-us-rules/
Top Comment:
no jail = no real change
1031 or keep it.
Main Post:
I currently have 43 properties that cash flow around $200-$300 a door. I have a good amount of equity in each. I see everyone suggesting selling and using a 1031 to level up. If all properties cash flow, why do I need to 1031 and level up?
Am I missing something?
Top Comment:
- Great job! Having that many properties that are cashflowing is fantastic.
- I think it all depends, now that you have this portfolio what do you want? If you're happy than you may not need to do anything, and just sit back/enjoy that cashflow.