Tilden Moschetti: You're
gathered around the watercooler

and you're talking politics, you
go back to your office to get on

the phone, you've got strong
emotions, strong feelings about

who should win, especially in an
election year, like the one

we're in, you've got those
strong emotions you get on the

phone with an investor who has
views different than yours. What

exactly do you do? What stance
Are you going to take? Let's

talk about

that those who know me know that
I am a golf fanatic. I love it.

My kids play golf there in
tournaments. Really, I'm mostly

a caddy at this point, but I
love it. So when I ran across

this quote from great golfer,
Justin Thomas, I thought I would

share it with you. And he said,
it doesn't matter what my

political views who I like or
who I dislike, if a president

ever asks me to do anything, I'm
gonna say yes. And that is

exactly the political views that
you should have on a public

face. Now, I've seen time and
time again, of people posting on

LinkedIn, or some or Facebook or
something like that, their

strong political views. Now,
while strong political views

definitely have a place, you got
to remember, you're in the job

of sales many times when you are
doing when you're doing a

syndication when you're doing an
investment fund. You want people

to invest with you. People are
very, very emotional about

politics, I don't need to tell
you that even outside of an

election year, about 50% of
Americans, According to a Gallup

poll, said that they care deeply
about politics and follow it

closely. 50%. That means, one
out of every other person that

you talk to, that you're
pitching follows politics and

probably has strong political
views. Now, it doesn't matter,

really what their political
views are, unless it does, if it

matters greatly to you that
you're putting a fund together

of people who are like minded
investors in order to do a

thing, then great. That's your
thing. But in general, you're

looking for a wide market with a
lot of investors. What I would

recommend to you is do not talk
about politics. Politics is the

death knell. If somebody came up
to you and said, Well, I've got

these views of SEC XYZ, and you
start arguing with them, do you

think you're gonna be able to
persuade them to invest in your

fund? No, these are people who
are coming to you because they

know you, they like you, they
trust you. Most important thing

is trust, if they can't trust
you with their political views,

and not to be, you know, can't
trust that you're going to be

taking an opposite side, they're
not going to invest with you,

they'll go with someone else.
Best way to avoid it, is you

just don't talk about it. If it
comes up, and trust me, for me,

it comes up a fair amount, then
you basically adapt, right? I

always listen to what they're
saying. I always acknowledge

what they're saying. And then I
keep my own counsel, when it

comes to my political views. Now
I have incredibly strong vith

political views. All of my
friends know it. They know what

my political views are. They're
very strong. Right? They may be

one side or the other. I'm not
going to disclose that here.

Why? Because I want you to be my
client. Right? And that's what

you should be doing as well, is
not espousing it. If you're

posting on LinkedIn, on
Facebook, all these views that

you have, you're taking away
your potential client base. Now

point of fact. So here it's
forbids disclosed. In early in

my career as a lawyer, I work
for Kamla Harris. Currently, she

is the Vice President of the
United States. People have very

strong feelings one way or
another about Pamela. Here. I'm

not going to talk about that
other than the fact that I

worked for Kamala Harris. She
was my boss, I saw her, you

know, frequently I was in
meetings with her. Does that

make anything special about me?
As far as it relates to politics

now, I don't think she's going
to call me call me up on the

phone and appoint me as head of
the SEC, or appoint me is or get

me appointed as a Supreme Court
justice. It's not likely. Does

she know who I am? No, she
doesn't have any clue that she

would she recognize me? I doubt
it seriously. It was a very

short time, but she was my boss.
Right? And that's just kind of

interesting. And that's why I
share it here. It's interesting.

And notice the way that I
responded about it right? You

still have no idea how I feel
about Kamala Harris. And that's

the way your clients should be
to, they shouldn't care about

whether you care about her or
Trump or Biden or whoever, it

doesn't matter. At the end of
the day, there is going to be an

election in November, and one of
the parties is going to win. And

the result of that is going to
have some implications on taxes

and how the securities industry
is run and things like that, it

will have some effect is
Regulation D going away?

Absolutely not, not under either
party, both parties want this

system to continue. It brings
money out of the pockets of

people who want to invest and
makes them more money, which

makes them more entrenched in
our society, which we like,

Regulation D is going nowhere,
from the strongest liberal to

the strongest conservative, they
both want Regulation D to exist.

I would wager that both the
strongest liberal and the

strongest conservative, also
don't want grandma to get

screwed out of out of all of her
savings by somebody who's acting

unscrupulous. So there's going
to continue to be regulation

regardless, it's not going to be
super heavy, maybe on one party

versus another, maybe it'll be
more, maybe taxes will go up,

maybe it will go down. But you
know what, at the end of the

day, the world keeps spinning.
And we're still here. And that's

the attitude that you need to
have in your private life, talk

politics, all you want in your
public life, I would encourage

you to not talk politics, unless
it is something that is

absolutely important to the fund
that you're trying to do. If it

serves your purpose, then great,
do it. But do not go in with the

mindset that espousing your
political views for one party or

another is going to get you more
clients because you can't you're

a marketing gurus talk about,
well, you should always be

polarizing and things like this
do not polarize around politics.

It's not going to help you
polarize about your offer, throw

stones at the other side, those
things are all good. Talk about

politics. My word of advice is
don't do it. So this is Tilden

Moschetti. I'm a syndication
attorney and a devout See,

wasn't going to tell you anyway.
So if you if you think I can

help you, with your Regulation D
offer whether it's under Rule

506 B or 506. C, I'd be happy to
help you. Whether you're that

strong liberal or that strong,
conservative widow we don't mind

working with either and we're
happy to listen with you. Listen

to help you work out the best
deal for you. Because at the end

of the day, I believe in
America, I believe in our system

of government, and I believe
that you probably do too.