Regulators are looking at crypto assets very closely for 2021. Treveri Capital LLC submitted comments to FinCEN- Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets and response HERE. We also submitted comments to the SEC- Custody of Digital Asset Securities by Special Purpose Broker Dealers and response HERE.

With Treveri Capital’s insight into micro markets, it’s a good chance for us to share our experience with the regulators.

Because of COVID-19, we have seen an increase in cyber crimes.  The holidays are here which is a perfect time for cyber criminals.  It’s a perfect time because more people are working from home using their personal electronic devices and shopping online.  Every day precautions should be made to help minimize cyber crimes.

A recent example I’ve seen myself is with an email from a well known bank I received.  The email wanted me to log in, view documents, or visit their site.  I was suspicious.  A simple procedure I used is to check the email header and look for the Sender Policy Framework (SPF) or Domain Keys Identified Mail (DKIM) email verification.  This validates the domain name identity that is associated with the message through cryptographic authentication.  This is how a DKIM looks. 

Typically you’re going to want to make sure the DKIM “d=XXX” matches whoever sent it to you especially if it’s coming from somebody important like a financial institution, medical health, or insurance.  Things like food or events may have mismatched DKIM headers.  Here’s a sample from Lucilles BBQ from the Gmail app.  Gmail has a nice and simple “View Security Detail” feature for each email so that you can visually see the security details easily. is Fishbowl which is a restaurant marketing software platform. 

I also put a sample of TreveriCapital email header below.

If everything looks fine but you’re still suspicious, you can always call whoever sent it to you and ask if they have any records of sending you anything.  Most companies will have a contact relationship manager (CRM) with client correspondence details of you. 

These simple steps can help minimize future cyber criminal problems.

COVID-19 & Teacher 403B Retirement Savings

I was doing my normal daily routine of looking at news and emails this morning when I came across a Reddit post about a teacher that resigned.  The teacher had asthma and a partner with heart issues.  The school was unwilling to work with the teachers need for telecommuting.  So, the teacher resigned.  Where’s the union at you may ask?  Although the work environment for educators has unforeseeable events, it creates the perfect opportunity to review your 403B or TSA retirement account.

Depending on if you leave the school district or not will be a question you need to ask yourself.  The only time a 403B can be rolled over to an IRA is if you leave your employer which is the school district.  Keep in mind you can get a job in another school district and roll over the account.

The next step you need to determine is if you have a regular 403B or a Tax Sheltered Annuity (TSA).  Typically TSA’s will have higher fees such as surrender charges and Mortality Expense (ME) fees.  Surrender charge fees vary on each contract and need to be looked at.  Also, there’s a mortality expense fee (ME) which is a fee paid to the insurance company for the risk they take.  Depending on any surrender charges will be a factor if you will be penalized now vs. risk the opportunity cost of reinvesting in the current environment.  Each individual is different.

Once you determine that you want to rollover your 403B, you have a wealth of choices to choose from.  This is also a perfect time to review your pension.  Keep in mind you will want to speak with a fiduciary like myself with transparency on business practice, fees, and client interest.

You can setup a free consultation HERE.

Copyright © 2020 ALL RIGHTS RESERVED. No part may be reproduced, altered, or copied in any form without written consent. Information contained herein is for informational purposes only and should not be construed as an offer, solicitation, or recommendation to buy or sell securities, or personalized investment, tax or legal advice. The information has been obtained from sources believed to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice. TreveriCapital LLC is a California registered investment advisor.