Regulatory &
Compliance
Compliance strategy across financial publishing, investment advisory, and software services.
Regulatory Overview
Wayy Research operates across multiple regulatory domains: financial publishing (wayyFinance), investment advisory (Wayy Funds), and general software services (consulting/Apps & Data). This brief outlines our compliance strategy, regulatory pathway, and risk mitigation approach.
| Activity | Regulatory Framework | Current Status |
|---|---|---|
| wayyFinance Platform | Generally exempt (software/data) | Compliant |
| Strategy Signals | Financial publishing exemption | Compliant |
| Wayy Funds | Investment Advisers Act | Exempt (small adviser) |
| Consulting | No special regulation | Compliant |
| Apps & Data | No special regulation | Compliant |
wayyFinance
wayyFinance is software, not a regulated financial service. This distinction is critical to our regulatory strategy.
What We Provide
- Market data access — Data aggregation from multiple providers
- Analytical tools — Backtesting, portfolio analysis software
- Strategy signals — Financial publishing (not personalized advice)
- Educational content — Tutorials, documentation, research
What We Do NOT Provide
- Investment advice — No personalized recommendations
- Trade execution — We integrate with brokers, not act as one
- Discretionary management — Users maintain full control
- Custody of assets — Users hold their own funds
Strategy Signals ≠ Investment Advice
Users can subscribe to strategy signals on wayyFinance. These signals are:
- General information, not personalized advice
- Published to all subscribers equally
- No knowledge of individual subscriber circumstances
- Users decide whether and how to act
Comparable services: Motley Fool newsletters, Seeking Alpha, TradingView signals
Required Disclaimers
- Content is for informational purposes only
- Not personalized investment advice
- Users should consult licensed advisors
- Past performance doesn't guarantee future results
Wayy Funds
Current Structure
Wayy Funds operates as a private investment fund:
- Delaware limited partnership (or LLC)
- Founder as General Partner/Manager
- Limited partners are accredited investors
Regulatory Exemptions
Small Adviser Exemption (Section 203(l))
- Available to advisers with <$25M AUM
- No SEC registration required
- State registration may apply
Private Fund Adviser Exemption (Section 203(m))
- Available to advisers solely to private funds
- <$150M AUM in US
- Limited reporting requirements
Registration Pathway
| Timeline | AUM Range | Requirement |
|---|---|---|
| Year 1-2 | <$25M | Small adviser exemption |
| Year 2-3 | $25M-$100M | State RIA registration |
| Year 3+ | >$100M | SEC RIA registration |
Private Placement
Regulation D, Rule 506(b)
Both the company financing (SAFE) and fund interests are offered under Reg D private placement exemptions.
Accredited Investor Verification
- Self-certification for 506(b) offerings
- Documentation retained for all investors
- Subscription agreement includes representations
Risk Mitigation
Immediate Actions (Pre-Funding)
- Finalize terms of service with financial publishing disclaimers
- Establish compliance calendar and monitoring
- Document regulatory analysis and positions
Year 1 Actions (Post-Funding)
- Engage securities counsel for ongoing advice
- Implement compliance training program
- Establish data privacy and security policies
- Monitor regulatory developments in AI/fintech
Ongoing Monitoring
- Quarterly compliance review
- Annual regulatory landscape assessment
- Proactive engagement with regulators as needed
Month 12 post-funding priority is hiring in-house General Counsel with securities and investment adviser experience to own compliance program.