How WealthBlock Helped One VC Pass the FINRA Audit

Netshares talks about how it navigated its FINRA audit -- and how WealthBlock was able to make key adjustments to streamline the process.

Video Transcript

Seth Gordon: What specifically did, did FINRA, have you walk them through when, when they did the audit? You, do you recall exactly some of the different elements that you had to go through and prove were there in order to, to qualify?

David Lee: Yeah. Sure. So a lot of it was just the minute details such as, you know, just being, just showing the, the, the ability to, well, let me start over again. One of the things they wanted us to do was to show them that potential investors naturally look at the deals before having to sign up on the platform. So we have to make some adjustments or actually you guys made an adjustment for us and you guys made that adjustment pretty quickly. Another thing was, you know, having to have certain questions in there. So that investors, as you're investing in these deals, you know, there are certain acknowledgements that they have to check off and, and you know and attest to. And so, you know, things like, you know, I understand that I could lose my entire investment, check. You know, I understand that my investments are illiquid, check, you know, and, and things like that. So we had to customize a lot of those questions and, you know WealthBlock, the platform, allows you, the custom allows you to customize it, you know, rather easily.

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