Brian Edstrom

Attorney

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

     

Volunteer Service:

 

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.


 

Education:

 

  • University of Wisconsin Law School

  • Colorado College

  • University of Minnesota's Humphrey School of Public Affairs Policy Fellows Program

  • Licensed in Minnesota and Wisconsin

 

Presentations & Speaking Engagements:

  • FPA Annual Conference 2019: Tips of Addressing Commonly Overlooked Gaps in your Compliance Policies and Procedures, 10/18/2019

  • Twin Cities Startup Week: Setting up Your Clean-Tech Startup for Success, 10/15/2019
  • Twin Cities Startup Week: Preparing Your Startup for Investment, 10/10/2019
  • 2019 Midwest Legal Compliance Conference: How to Avoid Your Worst Compliance Nightmare: Lessons from Theranos, 09/19/2019
  • Highland Bank Business Owner Seminar Series: Raising Capital, 10/17/2019
  • 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.

 

Areas of Practice

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.

Regulatory Compliance

Brian leverages his valuable perspective as a former regulator to assist his clients with regulatory compliance matters, security offerings and general business transactions.

  • Business formation and structuring
  • Securities Offerings
  • Crowdfunding
  • Regulatory Compliance
  • Investment Adviser Registration and Compliance
  • Broker Dealer Registration and Compliance

Offices:
901 Marquette Ave S.
Suite 1675
Minneapolis, MN 55302

Call Us:

(612) 584-3400