TradeCheck™ — the compliance clearance layer for secondary markets
Secondary trading of private securities requires far more than completing an offering. Federal laws, state Blue Sky laws, investor restrictions, transfer limitations, and ATS onboarding all impact whether securities can legally trade.
A comprehensive secondary trading eligibility review
TradeCheck is a compliance review and reporting service designed to evaluate secondary trading eligibility for private and exempt securities.
The TradeCheck Report analyzes
- Federal Resale Exemptions
- State Blue Sky Requirements
- Manual Exemption Eligibility
- Issuer Disclosure Requirements
- Financial Statement Requirements
- Investor Eligibility Restrictions
- Transfer Restrictions
- Jurisdiction-Specific Trading Rules
- ATS Onboarding Requirements
A formal compliance report that helps determine
Can the security trade?
Where can it trade?
Who can trade it?
Under what conditions can it trade?
What restrictions apply?
How long does eligibility remain valid?
An offering does not make securities tradable
Completing a RegCF, RegD, or RegA+ offering does not automatically make securities eligible for secondary trading. Broker-dealers, ATS operators, transfer agents, and issuers must evaluate compliance obligations before facilitating transactions. TradeCheck provides the compliance framework necessary to support those determinations.
Inside the TradeCheck report
Trading Eligibility Matrix
- Permitted Jurisdictions
- Restricted Jurisdictions
- Applicable Exemptions
- Investor Restrictions
- Affiliate Limitations
ATS Readiness Assessment
- Compliance Documentation
- Issuer Analysis
- Jurisdictional Reviews
- Trading Restriction Summaries
- Disclosure Verification
State-by-State Analysis
- Blue Sky requirements reviewed
- Secondary trading pathways
- Coverage across U.S. jurisdictions
Manual Exemption Support
- Issuer transparency initiatives
- Pathway evaluation
- Jurisdiction-specific compliance