Introduction
Unlike traditional investing in privately held companies, when an investment is made in a primary offering of a private company
Category: Understanding Secondary Market and Liquidity
Restricted securities and secondary market
The Platform supports listing of Private Placement Securities only – these securities are not registered with SEC and are not
Conditions of Rule 144 for non-affiliate of the issuer
If you are not (and have not been for at least three months) an affiliate (definition) of the company issuing
Posting securities for sale
One of the key conditions of Rule 144 resale is that the securities are not offered into a public market
Market and market making
Secondary trading on the Platform follows Rule 144, meaning that all transactions are conducted between two parties without a third
Setting and receiving a sale price
Every sale order initiated by you requires Seller to set the sale price as well as complete the sale ticket.
Trade clearance and issuer acceptance of trades
In addition to being subject to sale restrictions of Rule 144, the stock held by the seller will be subject
Settlement and failure to settle
Upon acceptance of a trade by the issuer, trades enter a settlement cycle. Buyers are required to make a payment
IOICM remuneration
IOICM may receive a commission from both the Buyer and the Seller on the same transaction. A commission schedule is
