4STREET — Intersect the Semantics

Mock Examinations.

We are the Mock of the Future.

N°01The work

What to expect

  • Up to 10× savings
  • ~5× fewer exams
  • Findings pre-resolved
  • No surprises

We've all fantasized about redoing an event or a memory knowing what we know today. With our market intelligence platform we turn fantasy into reality. We have built the system the regulators would live off of (if they had it). Today, their process is relatively manual and slower, so they arrive at the same answers — it just takes longer and more resources. You won't have to worry about any of that — with STREET you'll have the answers before the regulators set foot inside the door.

Mock Examinations — how it works

There's a quiet asymmetry at the heart of every regulatory exam. On one side of the table sits a firm that has read the rules. On the other sits an examiner who, more or less, wrote them. For decades that gap was just the cost of doing business. It doesn't have to be. The senior staffers who once sat on the regulator's side now sit on ours — the same household names, the same award-winning careers, the same instinct for where the problems usually hide. We pair that instinct with the STREET platform, so judgment honed over thirty years gets the reach of software. The result isn't a rehearsal; it's reconnaissance — a map of your specific exposures, drawn by the people who used to draw them for a living. Not a pretty deck. The real thing.

The real price of an examination is never the invoice; it's the eighteen months of document production, the disclosures that trail you, the second look a regulator takes two years later because something didn't sit right the first time. A mock is the cheapest version of an expensive event — the one where the only consequence of a finding is that you fix it on a Tuesday, quietly, before it ever has your name attached to it. The firms that treat it as a line item are pricing the wrong thing.

Ever wonder what a mock costs? Less than you think — and far less than the alternative.

N°02Capabilities
  • 01Trading & Portfolio Management
  • 02Reg S-P Compliance
  • 03Books-and-Records
  • 04Marketing and Disclosure Review
  • 05Custody and Valuation Testing
  • 06Compliance Program Assessment
  • 07Market and Execution Review
  • 08Private Funds and RICs
N°03Process
I

Scoping

Engagement scope set under NDA. We agree on what we are looking at, what we are not, and the deliverable in writing — before any field-work begins.

II

Field-work

Two to six weeks of close examination, typically a senior partner alongside leadership. We work the books and records the way the EXAMS Division would, with the same internal pacing.

III

Report

A written deliverable with findings defended sentence by sentence, walked through in a working session. The document is yours — to use, refine, or shred.

N°04Adjacencies
  1. N°01Current

    Mock Examinations

    We are the Mock of the Future.

  2. N°02Practice

    Agentic Workflows

    This is a token-based economy.

  3. N°03Practice

    Digital Compliance

    Turn this cost into your revenue.

  4. N°04Practice

    Market Intelligence

    An ounce of foresight.

N°05Drift

Priorities timeline, by year.

Pick any two prior fiscal years. FY2026 stays anchored on the right — every cell's change label is computed against the current examination posture.

Tap any two

Theme by theme, against FY2026.

  • ESG / climate risk

    FY2021
    NEW (climate)Dropped by FY26
    FY2024
    —Held to FY26
    FY2026Anchor
    —

  • Marketing Rule

    FY2021
    — (not effective)Emerged by FY26
    FY2024
    continued sweepDemoted by FY26
    FY2026Anchor
    embedded

  • Custody Rule

    FY2021
    folded (PF)Escalated to FY26
    FY2024
    backgroundEscalated to FY26
    FY2026Anchor
    core

  • AI / predictive analytics

    FY2021
    —Emerged by FY26
    FY2024
    light mentionEscalated to FY26
    FY2026Anchor
    cross-cutting

  • Crypto / fintech

    FY2021
    named (NEW)Dropped by FY26
    FY2024
    key riskDropped by FY26
    FY2026Anchor
    omitted

  • Reg S-P

    FY2021
    general info-secEscalated to FY26
    FY2024
    backgroundEscalated to FY26
    FY2026Anchor
    core (2024 amds.)

  • Private-fund advisers (standalone)

    FY2021
    namedDemoted by FY26
    FY2024
    standaloneDemoted by FY26
    FY2026Anchor
    folded in

  • Newly registered advisers

    FY2021
    NBE namedEscalated to FY26
    FY2024
    NBE namedEscalated to FY26
    FY2026Anchor
    explicit focus

  • LIBOR transition

    FY2021
    namedDropped by FY26
    FY2024
    —Held to FY26
    FY2026Anchor
    —

  • T+1 settlement

    FY2021
    —Held to FY26
    FY2024
    named (May ’24)Dropped by FY26
    FY2026Anchor
    —

  • Retailization (alts → retail)

    FY2021
    —Emerged by FY26
    FY2024
    —Emerged by FY26
    FY2026Anchor
    NEW

  • Adviser M&A

    FY2021
    —Emerged by FY26
    FY2024
    —Emerged by FY26
    FY2026Anchor
    NEW

  • Activist / 13D-G filings

    FY2021
    —Emerged by FY26
    FY2024
    —Emerged by FY26
    FY2026Anchor
    NEW

A compliance program calibrated to last year's deficiency letter is cycles behind reality. The retainer is for firms who would rather not be.

In June 2025 the SEC formally withdrew fourteen proposed rules in a single Federal Register notice — including the Safeguarding (custody) Rule and the Predictive Data Analytics Rule. The compliance build CCOs spent the prior years preparing for was retired in one notice.

A compliance program taking on water.

Don't get caught in the tide of this cycle.

Explore the retainer
N°0QEngage

street practices adaptive response to messages — try it out.

Take the free option — we offer answers to your questions.

Email Direct: contact@its4street.com