Broadridge is our transfer agent. A Transfer Agent is a third-party company that helps keep an official record of investors' shareholdings in a company. Every company with a Reg A+ Opportunity is required to have a Transfer Agent, and at XY, we use Broadridge as our Transfer Agent.
Transferring Share Ownership
When you first purchase XY Equity, the company transfers ownership to you, the investor! Should you ever sell your shares, you'd then transfer the ownership to a new person. It's a bit like owning and selling a house: Each time the house is sold, there's a record of the new buyer, and the old owner must transfer ownership to them.
Broadridge provides an account for each investor, and allows investors to transfer stock to a new owner. Keep in mind that right now, XY Equity is not publicly traded. This means if you wish to sell your stock, you'll need to find your own private buyer. Once you have done that, you can contact us at email@example.com and we can help you transfer the shares.
Making a Broadridge Account
After you purchase equity, you will need to sign your Investment Document. You can learn more about that here. Once you have signed that document, you'll be added to Broadridge in 4-8 weeks.
You'll then receive a letter in the mail, that has very specific and important account set-up information, as well as information on how to contact Broadridge should you need assistance. Remember, you must sign your investment document before you can make an account with Broadridge!
Why do I need an account?
If you want to receive any potential gains with your XY Equity, especially should XY go public in the future, you will need to make an account with our transfer agent. If you do not sign the Investment Documents, the process for transferring ownership of the shares over to you has not been finalized, and you would then not be able to sell or transfer the shares to a new owner in the future.