“Banclist.com is probably the most lucrative direct messaging platform”

It actually was a little difficult to figure out what this business is about from their website, but their LinkedIn is comprehensive enough:

“Overview

Non-publicly held banks are facing increasing risks when they maintain a private list of their shareholders. Sharing unpublished information about the bank’s stock with a few shareholders exposes the bank, its management and directors to potentially serious liability. Simply answering one shareholder’s question without notifying every shareholder with the same information puts the bank at risk. The threat and penalty of litigation can affect the bank’s reputation and financial performance. In some cases banks can face civil and criminal penalties.

One of the fastest growing bank services companies today, BancList (BL) provides privately held financial institutions and their shareholders (and other authorized users) with an easy-to-use web-based posting service that replaces the list. BL lets shareholders post notices of their intent to buy or sell their bank stock and keeps the bank out of the negotiation process – the way transactions are supposed to occur.

Not only does BL provide a risk mitigation service for banks by replacing the list, it helps banks enhance shareholder value and provides banks with even more information about what is happening with their shares. BL bank clients receive automatic email alerts every time someone posts a notice, which keeps them aware of active negotiations.

BL is not a broker dealer and does not ask for a list of your shareholders. BL never interferes with the relationship between bank clients and their shareholders. BL does not collect broker fees for its services. BL clients pay an annual subscription fee based on the asset size of the financial institution.”

Very cool something of this scope operates with only a handful of employees.

[0]https://www.linkedin.com/company/communitybanklist

That website looks like an affiliate marketing cash grab site from the early 2000s. I know that I should probably do some proper research but it was so off-putting that I'm just going to give up right away and call it a waste of time and/or a scam.

> Thus BancList (spelling absolutely intentional, because even the K is regulated and I am absolutely not joking about that fact).

No, he's not joking. Even the font size is regulated. I ran into that as an employee of a commodities trader. I'm not sure if the choice of font is regulated but it wouldn't be surprising.

Would you mind going into more detail? What about the K is regulated? By whom?

I'm guessing font size regs are to prevent "RISK FREE INVESTMENT, (investment not risk free)" type things? That seems sensible. I can see there being rules for italics etc for similar reasons.