“Where The Crowd Trades”
In the early 2000’s, until 2006, ex24 WAS REGISTERED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION(“S.E.C.”) as a Self-Clearing Broker/Dealer and a Member of the Depositary Trust.Corporation.
ex24 PLANS TO RE-REGISTER WITH THE SEC as a Crowdfunding Portal and as a facility for trading Title III Securities issued under the U.S. 2012 JOBS Act( Jumpstart Our Business Startups)
ex24, with its technology platform written in Java, managed by its majority shareholder as C.E.O, operated as a Person to Person, 24/7, broker-less, major stock trading and settlement system. ex24 was an S.E.C registered Alternative Trading System(“A.T.S.”), operating as a Self-Clearing Broker/ Dealer. Due to a Securities Law Rule, trades were limited to 99 shares per order. ex24 unsuccessfully sought an exemption Therefore the system was shuttered as unprofitable in 2006 after a cash investment of more than $9 million by its Founder, James P. Lennane.
ex24 traded solely in large cap Listed Securities. It closed its operation with a flawless record. Mr. Lennane now proposes that ex24 seek to become the U.S. premier, S.E.C. registered, Title III Crowdfunding issue support system, Title III Crowdfunding trading platform, transaction settlement system, and a Title III stock record management system.
Initially, ex24 will conduct Funding Portal activities. However, after proving its core system, ex24's long range goal is provide a full service initiation and initial funding services to S.E.C. Funding Portals and Title III Crowdfunding Issuers thus relieving them of the detailed burdens of an SEC Regulatory compliance for Crowdfunding by an Issuer. Further ex24 will perform the stock records maintenance plus transfer services to Issuers once the Issuer's Crowdfunding is completed. Subsequent to Title III Issues having passed through the mandatory one year holding period, ex24 will provide a complete trading platform for buying, selling and settleing the previously issued Title III securities in a safe and secure already proven environment.
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