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Pre-Grant Publication Number: 20080221945

Ecosystem allowing compliance with prescribed requirements or objectives

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Prior Art Detail

Annotations(1)

#30617 CFR Sec.230.144A(d)

Applies to Claims 1,12,14,22,7

Submitted by: Mark WebbinkLast updated: over 4 years ago

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Summary / Description

Summary / Description	Conditions to be met for the private resale of securities to institutions

Basic Information

Type of Prior Art	Print Publication

Publication Title *

Author

ISBN

Page Range

Medium	Book excerpt

Publication Date *	October 28, 1992

URL	http://ecfr.gpoaccess.gov/cgi/t...

Notes / To Do

Notes

Excerpt

Excerpt

(d) Conditions to be met. To qualify for exemption under this section, an offer or sale must meet the following conditions: (1) The securities are offered or sold only to a qualified institutional buyer or to an offeree or purchaser that the seller and any person acting on behalf of the seller reasonably believe is a qualified institutional buyer. In determining whether a prospective purchaser is a qualified institutional buyer, the seller and any person acting on its behalf shall be entitled to rely upon the following non-exclusive methods of establishing the prospective purchaser's ownership and discretionary investments of securities:

Relevance

Claims

An apparatus, comprising:(a) a processor;

(b) a storage device in communication with the processor;

(c) means for determining whether an entity meets at least one eligibility prerequisite for an ecosystem, thereby being eligible to participate in the ecosystem;

(d) means for determining whether an entity is willing to agree to at least one ecosystem rule, thereby being qualified to participate in the ecosystem;

(e) means for processing data regarding executing a contract in which the entity agrees to adhere to the at least one ecosystem rule, thereby allowing the entity to participate in the ecosystem; and

(f) means for processing data regarding entering into at least one designated ecosystem transaction by the entity.

Relevance

Proposed invention merely implements qualifying requirements set forth in U.S. federal securities law using standard database techniques.

Claim Chart

All

The method of Claim 6, wherein the at least one eligibility prerequisite comprises Qualified Institutional Buyer status for entities transacting in securities.

Relevance

Proposed invention merely implements qualifying requirements set forth in U.S. federal securities law using standard database techniques.

Claim Chart

All

A computer-implemented method for establishing and operating an ecosystem, comprising:(a) identifying at least one first prerequisite that governs whether an entity is eligible to participate in the ecosystem;

(b) determining whether the entity meets the at least one first prerequisite, thereby being eligible to participate in the ecosystem;

(c) identifying at least one second prerequisite that governs whether an entity is qualified to participate in the ecosystem;

(d) determining whether the entity meets the at least one second prerequisite, thereby being qualified to participate in the ecosystem;

(e) when the entity is eligible and qualified, executing a contract in which the entity agrees to adhere to the at least one second prerequisite, thereby allowing the entity to participate in the ecosystem;

(f) identifying at least one third prerequisite that governs whether the entity is permitted to engage in one or more designated ecosystem transactions;

(g) determining whether the entity meets the at least one third prerequisite, thereby permitting the entity to engage in designated ecosystem transactions;

(h) when the entity is so permitted, granting the entity designated status, thereby allowing the entity to engage in designated ecosystem transactions; and

(i) entering into one or more designated ecosystem transactions by the entity.

Relevance

Proposed invention merely implements qualifying requirements set forth in U.S. federal securities law using standard database techniques.

Claim Chart

All

The method of Claim 13, wherein the investor status is Qualified Institutional Buyer.

Relevance

Proposed invention merely implements qualifying requirements set forth in U.S. federal securities law using standard database techniques.

Claim Chart

All

A computer-implemented method for establishing and operating an ecosystem, comprising:(a) processing data regarding determining whether an entity meets at least one eligibility prerequisite, thereby being eligible to participate in the ecosystem;

(b) processing data regarding determining whether an entity is willing to agree to at least one ecosystem, thereby being qualified to participate in the ecosystem;

(c) when the entity is eligible and qualified, processing data regarding executing a contract in which the entity agrees to adhere to the at least one ecosystem rule, thereby allowing the entity to participate in the ecosystem; and

(d) processing data regarding entering into at least one designated ecosystem transaction by the entity.

Relevance

Proposed invention merely implements qualifying requirements set forth in U.S. federal securities law using standard database techniques.

Claim Chart

All

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