LDGRToken - A compatible security token for issuing and trading SEC-compliant securities #1450
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Fixed file name. |
Removed co-authors in an attempt to address this submission error: "Liquid Exception: Liquid error (/home/travis/build/ethereum/EIPs/_includes/eiptable.html line 11): comparison of Array with Array failed included in all.html"
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I don't think any ERC standard can be said to automatically/inherently "compl[y] with the new Securities Act Regulations: Regulation Crowdfunding, Regulation D, and Regulation A." Moreover, something that is intended to work under a Reg A (resulting in freely tradeable securities) certainly would not ALSO simultaneously comply with Reg D (transfer restrictions under Rule 144 apply). Maybe say "facilitates compliance with any one or more of..."? Also I'm pretty sure Regulation D can't credibly be called "new" considering it was enacted in 1982. |
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Simple Summary
LDGRToken is an ERC-20 compatible token that complies with the new Securities Act Regulations: Regulation Crowdfunding, Regulation D, and Regulation A.
Abstract
LDGRToken facilitates the recording of ownership and transfer of securities sold under the new Securities Act Regulations. The issuance and trading of securities is subject to the Securities Exchange Commission (SEC) and specific U.S. state blue sky laws and regulations.
LDGRToken manages securities ownership during issuance and trading. The Issuer is the only role that should create a LDGRToken and assign the RTA. The RTA is the only role that is allowed to execute LDGRToken’s mint, burnFrom, and transferFrom functions. No role is allowed to execute LDGRToken’s transfer function.
We welcome all feedback, commentary, and discussions.