Discover and read the best of Twitter Threads about #fiduciary
Most recents (3)
As the world awakens to the pure evil of Putin’s Russia, Xi’s China is in the crosshairs. Global pension and endowment investments in Russian stocks and bonds are at risk being completely wiped out after errantly turning a blind eye to Putin’s despotism. 1/7
MSCI and other global indices invested in Russia are almost completely trapped. We are witnessing the bifurcation of the world into two spheres. The rules-based west on one hand and the axis of authoritarian, communistic, totalitarian evil on the other. The China/Russia 2/7
‘Strategic Partnership’ announced in a joint press release on Feb 4, 2022 is worth another read. They intend to form a bond bigger and stronger than the Allied Powers of WWII. “No areas of cooperation are off the table.” It will become clear that fiduciaries that invested 3/7
1/ JUST READ opinion in latest lawsuit against #crypto exchanges/custodians over whether customers are owed forks/airdrops. As discussed on podcasts (@APompliano, @PeterMcCormack, @stephanlivera, @PrestonPysh+others), these contracts tend to be 1-sided...
law.justia.com/cases/californ…
law.justia.com/cases/californ…
2/ ...& judges generally will uphold the contract to which parties agreed, so breach of contract & conversion claims not likely to win (& they aren't). This is why these 1-sided contracts are a prob for institutional investors who owe a #fiduciary obligation to their customers...
3/ ...a fiduciary asset manager who agrees to a vague, 1-sided contract will get sued by its clients for breach of fiduciary duty if something goes wrong (& if it's an #ERISA fund, that fiduciary has PERSONAL liability & will be sued personally, not just sued professionally)...
1/ TWEETSTORM about #Wyoming’s BIG REVEAL. This is long & info-packed, so buckle in. My native state is about to do bigger things for #blockchain, & the sector is about to pay Wyoming back big-time. Win-win! @Tyler_Lindholm @SenatorDriskill @TraceMayer @ForbesCrypto 
3/ New bill 2 parts. 1-Digital asset custody via #SEC #CustodyRule wld create first true #QualifiedCustodian for digital assets (for investors who by law can’t self-custody). 2-Defines property rights for digital assets—doing something HUGELY IMPT for #bitcoin/virtual currencies
