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Jul 29 • 13 tweets • 4 min read
We're about to cross 1,600 investors in our company through crowdfunding. It's such a unique way to fund a company, and I love giving everyone the chance to get in on the ground floor - it's usually only available to institutions/HNW.

Join us if you can: wefunder.com/urvinfinance
Our company will give individual investors access to unprecedented data and tools, and our data native social platform will change how research/DD is created, collaborated on, and shared. We're also proud to be helping #WeTheInvestors get off the ground & change market structure!
This funding round is different from the last - we're selling actual shares in our co. It's a priced round, you will own equity in the company. Our pre-seed investors also convert to shareholders after this round. If you want to own a piece, invest here: wefunder.com/urvinfinance
Even if you can't invest, please retweet and share with others to help spread the word. Every bit counts! Our company exists because of the community that supports us, and we're so thankful to have that support. We try to earn it every day.
We've gotten such awesome comments of support in this round too.
Leni believes in leveling the playing field
Todd recognizes how Urvin is different from many of the other companies in this industry.
Matt agrees with our mission of focusing on both data and education
Heather believes in market transparency
I love Matthew's comment here - this is exactly why we're doing this.
Rui's idea of a retail-regulated market in contrast to the current system of self-regulation is great. We want to make sure retail's voice is heard, and not misrepresented by firms that productize their customers.
LOL won't argue with this one.
We're with you Ben. Power to the players.

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More from @dlauer

Dave Lauer Profile picture
Jul 29
IEX and the SEC have won their case on the d-limit order type!
BREAKING: Citadel does not represent retail investors.
This is a HUGE deal. Massive win for @IEX and retail/institutional investors. This is exactly what we were hoping for last year when we covered the trial and made sure our voices were heard.
Read 6 tweets
Dave Lauer Profile picture
Jul 8
Ok - I've found there's confusion everywhere (in the industry and online) about how all of this will work. The problem is that it's a unique combination of a dividend and a split, and it actually has the characteristics of both.
Part of the confusion is that there are standard dividend dates as part of the corporate action and announcement (record date, pay date, ex date) similar to a dividend. However, most of that doesn't make sense in the context of a split.
From a trading perspective this will look just like a split. If you own 100 shares of GME at the end of the day on July 21, you will own 400 shares when you wake up on July 22 (assuming your broker correctly processes this action as a split). The price will drop accordingly.
Read 7 tweets
Dave Lauer Profile picture
Jul 6
Gamestop just announced a four-for-one stock split.
I guess I was off when I said it would likely be 3-to-1.

Stock will trade on a split-adjusted basis starting July 22.
Stock closed at $117.43, trading over $123 on the announcement.
Read 6 tweets
Dave Lauer Profile picture
Jun 24
The House Financial Services Committee released a 183 page report on what the events of early 2021 exposed in terms of market weaknesses, conflicted business models, and the various problems exposed by retail interest. I haven't read it yet, but will send out thoughts when I do.
Wow - moving those names to PCO was extremely effective in generating sell pressure and reducing collateral requirements. Image
As #WeTheInvestors have explained to the SEC and Congress, gamification is not the real issue here. The issue is a completely broken business model that puts brokers' interests at odds with their customers'. ImageImage
Read 21 tweets
Dave Lauer Profile picture
Jun 8
Today is a big day in market structure. A day that a lot of us have been working towards for many years. The SEC Chair is going to announce fundamental changes to our markets – centered around PFOF/off-exchange trading, exchange access fees, best execution & the min tick size.
Another thing you’re going to hear a lot of today – push back from firms who profit from the status quo. The hypocrisy of these firms is stunning – most pushed hard for these same changes for many years – but changed their tune when they started profiting off the back of retail.
You know Citadel was for banning PFOF, but you prob didn’t know that Virtu and Doug Cifu were huge supporters of efforts from 2014-2017 to push for such market structure changes. They paid me to advocate for these changes. Then something changed when they bought KCG.
Read 7 tweets
Dave Lauer Profile picture
Jun 6
As discussed on our space call last week, SEC is considering some significant changes to market structure, including tick size & access fee reforms. However, most importantly, they're trying to figure out what to do with the current system that sends retail orders to wholesalers.
You know if Citadel and Virtu are pushing back against an order-by-order best execution standard, that it's the right way to go. I believe strongly this is a critical piece to any reforms.

So what about this idea of price improvement auctions for retail orders?
I think these are a bad idea. Once again, we'd be adding complexity on top of complexity, and needlessly so. We already have this in the options market, and the options market is a complete and total mess. We should not be looking to imitate the options market.
Read 5 tweets

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