Brian leverages his experience as a former government regulator to assist investment advisers, broker dealers, financial planners, and other financial services professionals with their compliance, regulatory and general business needs. Brian prides himself on being able to “speak regulator” in a manner that helps clients address and resolve regulatory challenges in a professional and timely fashion. To that end, Brian regularly provides the following services:
Assistance with registration/licensing at the state and federal level
Assistance with responding to a regulatory investigation or subpoena
Preparation for a regulatory examination or audit
Preparation of compliance policies and procedures, client contracts, codes of ethics, etc.
Assessment of complex compliance questions applicable to investment advisers, broker-dealers, and issuers of securities
Preparation of requests for no-action or interpretive opinions to submit to regulators
Assistance with succession planning, sales, mergers, and other business transitions involving financial services firms
Brian also works with entrepreneurs to start up, create their company, hire employees, raise angel, venture, crowdfunding and other financing, grow their business, buy other companies and sell their business when the time is right.
Experience - Financial Services Regulation
Served as counsel to multiple newly formed investment advisers seeking registration with state regulators
Prepared a request for no-action letter that successfully led to a state regulator determining that it would not take enforcement action against a company that proposed to broker “ag-stock” transactions it argued were not subject to securities regulation
Successfully negotiated a consent order with a state regulator reducing the penalty assessed to a client from $25,000 to $1,000
Served as counsel for investment adviser departing large firm and terminating franchise agreement to start a new, independent RIA
Performed compliance review for a state-registered investment advisor to help prepare for a regulatory examination
Served as buyer’s counsel for an investment adviser purchasing another investment advisory practice
Brian currently serves on the voluntary Board of the Financial Planning Association of Minnesota, where he Chairs the Professional Issues Committee. He also serves on the voluntary Advisory Board of YMCA Camp Widjiwagan. Finally, Brian serves as a volunteer expert for Impact Hub, a co-working space for entrepreneurs based in the Twin Cities.
University of Wisconsin Law School
University of Minnesota's Humphrey School of Public Affairs Policy Fellows Program
Licensed in Minnesota and Wisconsin
Presentations & Speaking Engagements:
Creative Economy Week, Eau Claire Wisconsin: Crowdfunding and Opportunity Zone Financing, 05/16/2019
Midwest Solar Expo: Innovative Ways to Finance Your Solar Project, 05/02/2019
Presenter at Minnesota Department of Commerce Department of Financial Institutions Examiners Conference, 04/24/2019
Club E Minneapolis: From Crowdfunding to ICOs, 03/07/2019
As Chair of the Professional Issues Committee of the Financial Planning Association of MN ("FPA-MN"), led the 2019 Advocacy Day for FPA-MN, Minnesota Senate Office Building, 02/21/2019
Twin Cities Startup Week: From Crowdfunding to ICOs: Tips for Creatively and Legally Funding Your Business, 10/10/2018
Lessons Learned: Bitcoins/ICOs, 02/21/2018
Legal Talks: Crowdfunding Options for MN Businesses, 2/22/2018
Minnesota Continuing Legal Education: Funding The Business, 1/9/2018
Lessons Learned: Crowdfunding in Minnesota 12/04/2018
Raising Money and Crowdfunding Office Hours at Impact Hub, 10/10/2017
Outside of work Brian enjoys running, biking and exploring Minnesota’s lakes and trails with his wife, Emily, and their two young children. Brian regularly enters (and regularly does not win) the New Yorker’s caption contest.
You can reach Brian Edstrom at 612-584-3407.
Brian Edstrom is a seasoned attorney benefiting his clients with his seven years of experience working for federal and state regulatory agencies in Washington D.C. and Minnesota.
Brian leverages his valuable perspective as a former regulator to assist his clients with regulatory compliance matters, security offerings and general business transactions.