Wall Street bigwigs!

The preliminary outer sect competition has already started today. I'm asking for your continued reading and monthly votes. Thank you!

~~~~

Green approved the plan after listening to it.

The group went downstairs to the property management office, printed out several copies of the contract, filled in the amounts, and then submitted the contract to the city hall for filing.

After signing the contract, Vera helped Green do some calculations.

Excluding renovations, Green will soon need to pay a renovation deposit of $11, plus the first quarter's commercial property tax of $3850 and the lessee's leasing fees of $16150.

This doesn't even include the requirement to find a Class A qualified renovation company that meets the New York City Department of Buildings requirements, while also ensuring that the renovation results comply with SEC regulatory requirements.

Mary privately mentioned that since the Black Monday stock market crash, the SEC has been conducting spot checks on 80% of New York financial institutions.

Vera has currently spoken with two renovation companies, Turner and Tishman Speyer, and their quotes are roughly the same.

Because Ruifeng's order was expedited, the renovation company had to come up with a suitable renovation plan within a few days after confirming the site, and also had to send workers in three shifts to ensure completion within a month.

Vera took out a piece of paper and calculated the detailed renovation costs. Upon closer inspection, the total cost reached $39 plus a $11 renovation deposit (which was refundable).

Adding the total cost of equipment and terminals of $52, Green needs to spend $100 million a month on office space.

But in Green's view, these expenses are small amounts as long as the company can open smoothly.

"I can keep an eye on the renovations for now, but there are just too many projects going on lately. Do you think we should call Ms. Mary back?"

Vera looked at the recent project progress chart in her hand and gave a wry smile.

Green had promised her that her workload would not exceed what she had at KPMG.

As a result, as Ruifeng's chief financial officer, I've been so busy lately that I wish I could split myself in two to use myself.

Now that Vera has finally found a job, she really doesn't want to go back to being a housewife.

"Mary has more important work to do; Morris just finished the registration process."

Mary now not only has to resolve regulatory issues but also coordinate with the NYSE to apply for R.F. Securities' membership and purchase trading seats.

At this point, Green paused slightly, realizing that Vera really couldn't keep going like this, and simply said:

"Okay, I'll contact John later. His resignation was approved yesterday."

Tomorrow I'll have him handle the equipment setup, but his main task right now is liaising with NSCC (National Securities Clearing Corporation).

For a moment, Green couldn't help but lament that there were still too few people. The two companies together had less than 20 people, which was still half the size of the full staff.

Some people haven't left their previous companies yet and are still a few days away from starting their new jobs; otherwise, these small, trivial tasks could be handled by other employees.

As for Green, he spends most of his day monitoring the financial markets. With the two companies at Ruifeng spending money like water every day, he needs to recoup some losses in the financial markets.

It's worth noting that Mary and John are currently handling the NYSE and NSCC, and the total funding they've spent exceeds $400 million.

In addition to the office building rented and renovation costs for R&F Securities and R&F Fund, and the costs of various server equipment, terminals, and computer purchases, the total exceeds $700 million.

This doesn't even include the $1000 million in securities margin.

These are 1988 dollars. The last time I had dinner with Richard and Smith, they were quite shocked when they heard that Green had already started implementing this plan.

With that money, Green could have easily invested it in the financial market within a year. I wouldn't dare say it would have yielded a 20% return, but Green invested it without hesitation.

This plan would leave anyone speechless.

Why did Mary Shapiro, John, and others join R&F? Was it all because of the salary? That's not entirely wrong.

But what truly made them decide was seeing Green's determination, because only by doing so could they make R&F a big company.

They value the platform more than the salary increase, and some mid-sized financial institutions seem bigger than R&F.

But their bosses don't have the vision of Green; getting them to spend so much money on this is worse than killing them.

As someone who had traveled from another time, Green knew that in two or three years, US financial regulators would implement even stricter regulations on top of the existing ones.

Green wants to get all this done while he has the funds at hand, otherwise the cost of completing the existing compliance framework later would be too high for him to bear.

Despite the large number of small and medium-sized financial companies in New York now, 50% of them will have to close down when the real regulatory blade comes down, and the number may be even higher.

The reason is that small and medium-sized financial companies cannot obtain NYSE membership, trading seats, and NSCC clearing center membership (the fees are too high, and more importantly, they lack the necessary connections).

In Green's memory, almost all the financial companies that survived after 92 were affiliated with large institutions.

Doing this not only incurs huge affiliation fees (20%-35% of annual profits).

Moreover, your trading data is under the watchful eyes of large institutions; they know exactly what positions you've taken.

Why do large institutions like Goldman Sachs and Morgan Stanley go on a spending spree to acquire other companies whenever a financial crisis occurs in later generations?

The reason is that they know all your transaction data and can target you precisely.

If we bankrupt you, we can easily acquire you at a very low cost.

What Green needs to do is to take advantage of this extremely valuable window of opportunity to lay a solid foundation for the Raptors.

If Green weren't short of cash, he would have wanted to acquire a member bank of the Federal Reserve Bank of New York to act as its clearing bank.

He has absolutely no trust in American capitalists, even though he himself is now considered a capitalist.

"Ring ring..." Green's phone rang.

"Feed? I'm Green."

"Boss, this is John. Remember you said you could bring people over? Are you free now?" John's voice came through the receiver, tinged with excitement.

"Of course, I'm currently waiting for the design team from the renovation company at the Barclays Bank Tower. You can bring your people directly here," Green said with a smile.

He figured the person John was talking about was probably just two or three close friends, so he didn't think much of it and just asked John to bring the person to his office.

The two were not far apart, and about twenty minutes later, John led his men out of the elevator.

"Wow, boss, will we be able to open in time?" John asked as he walked in first.

Green and Vera turned around and saw about a dozen people following John at the door.

Green hesitated. Were these the same people John had mentioned?

"Don't worry, nothing is a problem when it comes to money."

Two renovation companies working in three shifts can complete the basic renovation in 15 days.

"It takes 10 days to get the equipment on-site and commissioned, and another week to complete the fire safety and SEC regulatory reviews," Green said casually.

Vera was used to her boss occasionally throwing in a few new words, and she nodded slightly to John.