Tokens Of Wisdom podcast

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추가했습니다 three 년 전

Dave Rothschild에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Dave Rothschild 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

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Close Encounters with UFO Hot Spots: Area 51, Roswell, and the Great ET Road Trip 39:50

20일 전39:50

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39:50

The truth is out West! We’re hopping on the ET Highway and venturing to the most notorious alien hot spots, including Roswell’s infamous crash site, Area 51’s eerie perimeter, and a mysterious desert watchtower. Join us as journalist Laura Krantz, host of the podcast Wild Thing , beams up to share stories from the front lines of UFO reporting—from strange sightings and quirky festivals to a mailbox where people leave letters to extraterrestrials. Maybe you’ll even decide for yourself: Is Earth a tourist stop for spaceships? UFO hot spots you’ll encounter in this episode: - UFO Watchtower (near Great Sand Dunes National Park, Colorado) - Roswell, New Mexico - Area 51, Nevada - Extraterrestrial Highway (aka State Route 375), Nevada - Little A’Le’Inn, ET Highway, Nevada - E.T. Fresh Jerky, ET Highway, Nevada - Alien Research Center, ET Highway, Nevada - The Black Mailbox, ET Highway, Nevada Via Podcast is a production of AAA Mountain West Group .…

Tokens of Wisdom

시리즈 홈•Feed

Do you love investing? Ever thought about turning that passion into a business? Listen up to learn to navigate the legal loopholes in forming, launching, and running a private investment fund, including considerations unique to digital asset/crypto funds. Dave Rothschild is a partner at Cole-Frieman & Mallon, one of the country's premier boutique investment management law firms with deep experience in traditional assets, as well as esoteric asset classes like digital assets. For questions or comments, email tow@colefrieman.com. Visit our website: https://colefrieman.com

62 에피소드

#Trading #Entrepreneur #Business #Podcasting Education #Dave Rothschild

Tokens of Wisdom

updated 5일 전

시리즈 홈•Feed

62 에피소드

#Trading #Entrepreneur #Business #Podcasting Education #Dave Rothschild

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Tokens of Wisdom

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Episode 62: Sharing the Wisdom (Salman Ali) 43:57

5일 전43:57

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43:57

Episode 62: Sharing the Wisdom (Salman Ali) When I set out to do this show, my goal was to arm aspiring fund managers with the information they need to launch and operate a fund. In the legal realm, I happen to possess a lot of that information from my day job, but there’s so much more that goes into launching and operating a fund. And wise though I may be, my area of expertise doesn’t cover it all. So I’m going to bring in some friends to share their wisdom in various other aspects of fund management. I am honored to have Salman Ali from CBIZ on the show today to tell us all about fund audits! Key Points From This Episode: What does the fund audit process entail? What are level 1, 2, and 3 assets? Why does it matter for an audit? How do auditors charge for their services? What does auditor independence mean? What kind of info does the auditor need to complete its work? How do auditors charge for their services? How to choose the right auditor for your fund? What’s the smartest thing a new fund manager can do? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us are sharing their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Salman Ali - https://www.linkedin.com/in/salmanali310/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ CBIZ - https://www.cbiz.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 61: Hedge Fund Offering Terms, Part 1: Compensation 17:26

20일 전17:26

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17:26

Episode 61: Hedge Fund Offering Terms, Part 1: Compensation Today is the first in a series of Tokens of Wisdom episodes walking through the main offering terms for an open-ended fund, aka a hedge fund. One of the first things I do with new fund clients is take them through a fund questionnaire to determine the offering terms for their new fund. This is usually a one hour conversation, at the end of which I have most of what I need to draft the fund’s offering documents. Since I know ToW listeners like it short and sweet, I’m going to break this up into a handful of different episodes. Today’s episode discusses compensation terms. Key Points From This Episode: How are fund managers typically compensated? What’s a management fee? What’s a performance allocation? What variables are relevant for each? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal, investment or tax advice. The guests that join us are sharing their considerable fund-related wisdom, but everything they share here is their personal opinion and for educational purposes only. On this show, they are speaking for themselves, and not for their employer or any affiliated entity. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 60: Sharing the Wisdom (Bert McCooey) 30:03

6 weeks 전30:03

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30:03

Episode 60: Sharing the Wisdom (Bert McCooey) This is an exciting day in Tokens of Wisdom history! Not only do you get to see my real-life face, but you also get the unparalleled wisdom of Bert McCooey from Ascent Fund Services. When I set out to do this show, my goal was to arm aspiring fund managers with the information they need to launch and operate a fund. In the legal realm, I happen to possess a lot of that information from my day job, but there’s so much more that goes into launching and operating a fund. And wise though I may be, my area of expertise doesn’t cover it all. So I’m going to bring in some friends to share their wisdom in various other aspects of fund management. I am honored to have Herbert “Bert” McCooey from Ascent as my inaugural guest to tell us all about fund administration! Key Points From This Episode: What does a fund admin do? Let’s get granular! Why do I need one? How do fund admins charge for their services? What is reputational risk for an LP in a fund? Was Bert’s best friend as a child named Ernie? What’s the best thing a new fund manager can do? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Bert McCooey - https://www.linkedin.com/in/bert-mccooey-a6b24414/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Ascent - https://www.theascent-group.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 59: Peeling Layers 7:45

7 weeks 전7:45

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7:45

Episode 59: Peeling Layers At the federal level, the tables are turning faster than at a vintage Tiesto performance: it’s honestly hard to keep up with how quickly the federal government has done a total 180 on crypto. Key Points From This Episode: What was the now-disbanded National Cryptocurrency Enforcement Team? How is the United States similar to an onion? What’s happening beneath the federal layer, at various state regulators? NY, CA and OR flexing their enforcement muscle to the collective groan of the crypto industry. Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 58: Yet Another CTA Update (Yawn) 4:26

11 weeks 전4:26

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4:26

Episode 58: Yet Another CTA Update (Yawn) Last time I spoke to you about the CTA, I said I wanted to discuss it about as much as I wanted a hole in the head. A little over a month later, nothing has changed. In my mood that is. But alas, much has changed in the world of required BO reporting, so here I am standing in front my mic and talking about it again. Key Points From This Episode: FinCEN’s New Interim Final Rule. Who’s in scope? Who’s out of scope? What are the new deadlines? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 57: Fixing the Hole in Your Net (And More!) 12:37

11 weeks 전12:37

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12:37

Episode 57: Fixing the Hole in Your Net (And More!) If you thought the kinder, gentler SEC was only going to be kinder and gentler to the crypto community, you thought wrong. Today I’m going to briefly summarize two recent SEC actions that relaxed marketing-related rules: clarifying requirements for marketing materials and elements of 506(c). Key Points From This Episode: What is the SEC’s marketing rule? What are case studies? SEC FAQ from early 2023 muddies the waters. The trouble in calculating case studies net of fees and expenses. SEC FAQ from March 2025 clarifies things. What’s all this about 506(c)? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: New FAQ: https://www.sec.gov/rules-regulations/staff-guidance/division-investment-management-frequently-asked-questions/marketing-compliance-frequently-asked-questions 506(c) No Action Letter: https://www.sec.gov/rules-regulations/no-action-interpretive-exemptive-letters/division-corporation-finance-no-action/latham-watkins-503c-031225 Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 56: Interpretive Clarity 13:06

13 weeks 전13:06

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13:06

Episode 56: Interpretive Clarity. By now, you’ve probably heard the latest news from the sunshine and rainbows SEC: Meme coins are not securities! This is great news for the crypto community, which has a little more clarity today on how the SEC will interpret securities laws as they apply to digital assets. But is this the regulatory clarity we’ve long clamored for? Not quite… Key Points From This Episode: What does the SEC’s Meme Coin Statement say? Reasons to be excited. Reasons to temper excitement. The difference between regulatory clarity and interpretive clarity. Comparing and contrasting SEC reasoning today, vs SEC reasoning way back when (18 months ago). Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: SEC Meme Coin Statement: https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 55: Sunshine and Rainbows…from the SEC 11:37

14 weeks 전11:37

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11:37

Episode 55: Sunshine and Rainbows…from the SEC. Just a couple short weeks ago I told you all about President Trump’s executive order on crypto, which was heavy on happy speak and light on substance. Of course, literally as I was recording that episode, the SEC started putting its money where its mouth is. Indeed, since I started speaking into that mic a couple weeks ago the SEC has: Repealed SAB 121, restarted its crypto task force, paused the suit against Binance, and straight-up dropped lawsuits or investigations into Coinbase, RobinHood, OpenSea and Uniswap (among other things). Don’t be alarmed, this lightning pace won’t scare away the sunshine and rainbows. It's a new day in the SEC’s approach to crypto, so break out the popcorn and get comfortable. It’s shaping up to be a fun few years. Key Points From This Episode: Quick rundown of recent SEC actions. Deep dive into the SEC’s crypto task force and what it plans to do. Description of why these developments promote the SEC’s mission. Soapbox moment. Reminiscing about Whac a Mole. Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Commissioner Peirce’s letter: https://www.sec.gov/newsroom/speeches-statements/peirce-journey-begins-020425 SEC Mission: https://www.sec.gov/about Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 54: Guess Who's Back 5:43

15 weeks 전5:43

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5:43

Guess Who’s Back Episode 54: Show Notes. It’s true that I wanted to release this episode about as much as I want a hole in the head. But, I did promise you multiple times that I would keep you updated on the dumpster fire of the Corporate Transparency Act and…a liar I am not. Here’s the TL;DL(“listen”): The CTA is back on, and initial BO reports are due on March 21, 2025 for most entities. Key Points From This Episode: CTA is back! History of the CTA Ping Pong Match. Current status and deadlines. All hope is not lost. Embrace the BO. Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 53: A New Sheriff 7:22

19 weeks 전7:22

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7:22

A New Sheriff Episode 53: Show Notes. We went three whole days into Trump Administration 2.0 without the creation of a strategic bitcoin reserve, an announcement ending all federal lawsuits against crypto industry participants, and without any major crypto news. In fact, well into day 4 of the administration, the scoreboard looked like this: Trump Meme coins: 2; Executive action supporting crypto: 0. Then on January 23, 2025, Trump issued an Executive Order titled, “STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY”. Key Points From This Episode: What’s in the executive order? What is model food? SAB 122 Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Executive Order: https://www.whitehouse.gov/presidential-actions/2025/01/strengthening-american-leadership-in-digital-financial-technology/ Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 52: AI Policies for Investment Advisers 12:51

21 weeks 전12:51

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12:51

Everyone wants in on the AI craze – in addition to being the latest buzzy trend, AI is a technology that can actually think for you (or at least, trick people into thinking it’s thinking). Given the potential time and money savings AI can generate, a business owner like you might be negligent for not exploring how it could help their business. But before you go too hog wild, listen to today’s episode for a boring dose of caution. How’s that for a tag line?! Key Points From This Episode: Quick Corporate Transparency Act update. How investment advisers that want to dive head-first into AI are like my children. Important considerations for investment advisers using AI: Acceptable Use Policy Accurate disclosures Mind the fiduciary duty! Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 51: 2024 Year-End Overview 12:48

25 weeks 전12:48

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12:48

As you all prepare to hunker down by the fire, sip your egg nog and enjoy the company of your dearest friends and family members, throw in your earbuds, turn up the volume and unwrap this auditory gift recapping the year that was in fund and cryptoland 2024! Key Points From This Episode: Recapping the rosiest crypto developments from 2024. Bitcoin’s meteoric rise. Clearer regulatory skies. Judiciary ascendant. Guessing at what the future holds in 2025. Strategic Bitcoin reserve? Future of the Safeguarding Rule proposal? Legislation?? My annual discussion of pecan pies. Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: CFM’s EOY update - https://hedgefundlawblog.com/ Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 50: CTA Enjoined 10:08

26 weeks 전10:08

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10:08

Good news just keeps on flowing out of the federal judiciary, as a District Court in Texas issued a nationwide preliminary injunction on Dec 3 enjoining the enforcement of the Corporate Transparency Act and the FINCEN beneficial ownership reporting requirement. This means that means that FOR NOW, companies do not have to file beneficial ownership reports with FINCEN under the corporate transparency act. Key Points From This Episode: What’s a “preliminary injunction”? What must a plaintiff prove to obtain one? How did the district court analyze these elements here? What happens next for the CTA? Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 49: Crypto’s Glad Tidings 6:24

28 weeks 전6:24

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6:24

Whatever your views on the election outcome, we can all enjoy the high – literally and figuratively – that’s captured the crypto world since early November. Today’s episode quickly recaps three recent developments that we can all celebrate. Key Points From This Episode: Bitcoin’s meteoric rise. Gary Gensler is resigning! A district court in Texas struck down an SEC rule that drastically expanded who had to register as a broker-dealer. Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com…

Tokens of Wisdom

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Episode 48: Can the President Fire the SEC Chair? 15:26

31 weeks 전15:26

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15:26

There is a presidential election happening right now, and regardless of your political views, if you’re listening to this, you probably like crypto. In fact, the election-related question I get most frequently goes something like this: If Trump wins, will he really replace Gary Gensler on day one as promised? Or If Harris wins, will she replace Gensler as quickly as Trump would? This of course begs the question: Can the president fire the SEC chair? Turns out, there is significant legal uncertainty around how an SEC chairperson can be removed. Key Points From This Episode: History of the SEC and how it is managed. What does the law say about SEC commissioner removal? What does the constitution say about SEC commissioner removal? What is common historical practice when there’s a new president? Baseless speculation/prediction time! Disclaimer: This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/ Links Mentioned in Today’s Episode: Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/ Cole-Frieman & Mallon LLP - https://colefrieman.com/ Music by Joe Ginsberg - https://www.instagram.com/thejoeginsberg For any questions or comments, email: tow@colefrieman.com Supreme Court Cases discussed today: Myers v United States : https://supreme.justia.com/cases/federal/us/272/52/ Humphrey's Executor v. United States : https://supreme.justia.com/cases/federal/us/295/602/ Free Enterprise Fund v. Public Company Accounting Oversight Board : https://supreme.justia.com/cases/federal/us/561/477/…