GUARDD Partners with Two ATS Marketplaces to Enable Private Securities Trading

Trading private securities in the US entails certain compliance requirements that can make it difficult, and GUARDD is on a mission to make it easier. GUARDD has announced two new partnerships with Alternative Trading Systems (ATSs) to enable securities trading.

GUARDD notes that secondary trading platforms like SharesPost or SecondMarket introduced trading in private securities but do not allow smaller investors to trade shares. GUARDD believes that the next evolution of secondary market trading is underway with a growing group of broker-dealers authorized by the SEC and FINRA to act as Alternative Trading Systems (ATS) that may be able to offer trades to non-accredited investors as well as accredited ones.

In order for certain securities to freely trade on ATSs, they must be compliant with both Federal and State securities laws. One of the biggest challenges for private issuers trying to facilitate a secondary market for their securities on an ATS is compliance with state "Blue Sky" laws.