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 or ICO tokens, 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.