Little known fact … If you own shares in a private company and you (or the company) want to sell them, then you need to consider Federal and State securities laws as well as the rules and restrictions that may exist on those shares by the issuing company. If you wish to list these shares on an Alternative Trading System (aka secondary market), the exchange must be approved by Regulators as well. The trading of securities in a secondary market is regulated by each State. So if you have shares in a company, digital securities, ICO tokens or NFTs, the only way to be exempt from filing in each State is to disclose information about your company, your financials, the offering, the security and more. This information needs to be filed in each state. Noncompliant issuers risk cease and desist orders or even worse. GUARDD Secondary Transfer Disclosure helps you be compliant with the differing laws in all 50 States. Our simple solution allows you to enter the required information to keep you compliant and create a report that goes to all 50 States.

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How Can I Sell the Shares I Bought?

Selling private company securities isn't straight forward. An investor needs to know whether or not his or her securities are unrestricted and freely transferable. On top of that, issuers may need to provide current and ongoing company and financial information so buyers can make an informed decision. In this white paper we dig into the intricacies of how state Blue Sky laws impact secondary trading, what the existing exemptions are that allow for it, and how to allow for investor liquidity by complying with the Manual Exemption.

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When it comes to Blue Sky compliance for secondary transfers there aren’t many options; GUARDD or OTC Markets. OTC Markets is a comprehensive solution for issuers that wish to list on OTC Markets. While that has many benefits, it means you pay for all their services. For issuers that don’t wish to list on OTC Markets but need Blue Sky compliance for secondary transfer there is GUARDD. WIth GUARDD you can list your securities on any ATS at a fraction of the cost.

GUARDD is proud to be selected for the AICPA/ 2021 Startup Accelerator

SEC Chair Gensler testified in front of a US House Committee yesterday. In a separate speech, he shared his thoughts on #Crypto (which I believe includes many #DigitalAssets, #Tokens, #NFT). His remarks below. Your road to compliance is attached. Reach out to us for assistance.


#Crypto, #DigitalAsset, #SecurityToken and #NFT issuers if you didn't hear @SECGov Chair Gensler's speech yesterday at the @NASAA_IE event pay close attention to his closing remarks. There is a compliant pathway if your asset fails the #howeytest. DM us!

Actions speak louder than words. Did you know that since the @SECGov announced it was expanding its #crypto division (May 6th) they already had two enforcement actions? Winter is coming. Comply or else ... #NFT issuers GUARDD can help!

Looking forward to our talk "Managing Risk in the Private Capital Market "where we will be discussing how #BlueSkyLaws impact #DigitalAssets, #Crypto, #SecurityTokens, #NFT and more! Want to attend? Use DAASC25 for a 25% discount on tickets.

I know most of you don't have time to listen to SEC Chair Gensler's comments so I'll just copy the part below from his speech yesterday that relates to #digitalassets, #crypto and #NFT. COMPLIANCE is a must! GUARDD can help!

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