Looking for answers? Below are some frequently asked questions.
If you have additional questions please feel free to email us at email@example.com
BANQ® provides investors access to exciting companies with exposure to rapidly growing sectors and new technologies. BANQ® takes the entire public and private offering process digital and online, providing access to U.S. opportunities and offerings in the U.S. markets. BANQ® widely markets its offerings utilizing the new general solicitation and advertising rules promulgated by the U.S. Securities & Exchange Commission, in response to the passage of the JOBS Act of 2012 including Reg A+ and Reg D.
What is BANQ®?
BANQ® the online division of TriPoint Global Equities, a FINRA member, SIPC insured broker dealer that aims to provide individual investors with direct access to the primary and secondary equity markets. BANQ® offers low cost trades to individual investors, along with primary market offerings.
What is an Accredited Investor?
Accredited investors are persons who, due to their income and/or net worth, are deemed to have a level of financial sophistication such that they require a lesser level of protection under the federal securities laws. With regard to individuals, a person shall be deemed to be accredited if they meet at least one of the following requirements:
As used in Regulation D, the following terms shall have the meaning indicated:
Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer;
Any natural person whose individual net worth, or joint net worth with that person's spouse, at the time of his purchase exceeds $1,000,000, exclusive of residence;
Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;
What is The JOBS Act?
Written with the intent to encourage funding of small businesses during the initial public offering process, the Jumpstart our Business Startups Act (the “JOBS Act”), as signed by President Obama on April 5, 2012, reduces the regulatory burden on small companies seeking to raise capital in the U.S. through revisions to the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). As a result, smaller companies can now take advantage of improved opportunity for public financing and development during their initial years as a public company.
What is Reg A+?
Regulation A+ (also known as Title IV of The JOBS Act or Reg A+) allows companies to raise up to $50 million from both accredited investors and the general public across all 50 states. This regulation is similar to a traditional initial public offering (IPO) in that a company solicits investments from the general public.
What is Test the Waters? Why cant I buy shares?
Issuers looking to raise capital through Regulation A may utilize Testing the Waters to gauge the interest of the crowd both and during the filing process with the SEC. During this period, investors may only indicate interest. No offer to buy the securities can be accepted and no part of the purchase price can be received until a Form 1-A offering statement is qualified pursuant to Regulation A of the Securities Act of 1933, as amended.
Is BANQ® regulated by FINRA or the SEC?
BANQ® is a division and website operated by TriPoint Global Equities, LLC, is a registered Broker/Dealer with the Securities and Exchange Commission ("SEC") and member FINRA/SIPC/MSRB. TriPoint Global Equities FINRA CRD # is 143174 and SEC File #8-67540.
Is there an account minimum?
There is no minimum dollar amount to open or maintain an account on BANQ®.
What is an IPO?
An IPO is the first sale of stock by a private company to the public. IPOs on BANQ®are issued by growth companies seeking the capital to expand their operations. If an IPO is successful, the shares of the company will be publicly traded on an exchange like the NYSE, NASDAQ or OTC.
How do I list my company on BANQ®?
For more information on our streamlined IPO process and its benefits or listing your Company for a private placement, please contact us at firstname.lastname@example.org
What is "Suitability"?
Although BANQ® has taken the position that only Accredited Investors may participate in offerings for which we act as Placement Agent, we do not view accredited status as de facto evidence of suitability. Suitability goes beyond the financial resources to participate as an accredited investor, also encompassing the appropriate knowledge and understanding of risk. Investing in the stock market is speculative and investors should understand the risks associated with the investment and what is suitable for their investment objectives. Before making any investment in a BANQ® placed offering, an investor needs to establish his or hers investment profile and to consider, for each investment, the product or strategy’s investment objectives, characteristics, liquidity risks and potential benefits, volatility and likely performance in a variety of market and economic conditions.
What are the risks of trading and investing?
All securities trading, whether in stocks, options, or other investment vehicles, is speculative in nature and involves substantial risk of loss. BANQ® encourages its customers to invest carefully and to use the information available at the websites of the SEC at http://www.sec.gov and FINRA at http://FINRA.org. Customers can review public companies’ filings at the SEC's EDGAR page. FINRA has published information on how to invest carefully at its website.
BANQ® believes it is very important that every customer understands all of the risks of any form of trading or investing prior to trading or investing real dollars. Past performance is not necessarily indicative of future results.
By investing their money in securities through BANQ®, customers are taking full responsibility for all trading actions, and should make every effort to understand the risks involved including suitability. For additional information on suitability, please review the Suitability FAQ section.
What is SIPC or Supplemental Insurance?
The Securities Investor Protection Corporation—or SIPC—is a nonprofit membership corporation that was created by federal statute in 1970. Unlike FDIC insurance, SIPC does not provide blanket coverage. Instead, SIPC protects customers of SIPC-member broker-dealers if the firm fails financially. Coverage is up to $500,000 per customer for all accounts at the same institution, including a $250,000 limit for cash. For more information about SIPC, go to SIPC.org. In addition to SIPC coverage, our clearing firm, FOLIOfn, has also purchased from certain underwriters at Lloyds supplemental customer securities insurance with a total aggregate limit of $50 million. This coverage is limited to a combined return of $10 million to any customer from SIPC and certain underwriters at Lloyds. Neither SIPC nor the insurance coverage protect against losses resulting from a decline in the market value of securities.
What is the difference between REG D 506(B) AND REG D 506(C)?
Rule 506(c) is a new exemption that originated from the JOBS act that allows general solicitation, or public fundraising. Rule 506(b) is the exemption that companies have used for decades to raise capital from pre- existing relationships. Companies can now choose between 506(b) or 506(c). The main difference with 506(c) is the higher standard for ensuring that every investor is accredited. For both 506(b) and 506(c), you should have a "reasonable belief" that an investor is accredited before accepting their investment. With 506(b), founders often take the investors own word, and take relatively few steps toward verifying it. That standard isn't good enough for 506(c); you must also take "reasonable steps" to verify that your investors are accredited which include review of financial statements, tax returns or professional letters. If the rules of 506 (c) are not properly followed, the violation can lead to a one year hold on your fundraising efforts and a return of capital to investors. For more, visit www.sec.gov/info/smallbus/secg/general-solicitation-small-entity-compliance-guide.htm
What is a Window Trade?
A Window Trade is an innovative and patented way of placing trades designed for long-term investors. Instead of being executed immediately, trades are grouped together and sent to the market twice a day.
Does BANQ® offer option trading?
BANQ® currently does not offer option trading but may do so in the future. Please check back.
Does BANQ® allow short selling?
BANQ® currently does not offer short selling.
Does BANQ® solicit trades?
All trades, with exception of IPOs and Private Placements, are not solicited on the BANQ® platform. Investors who trade through the BANQ® platform make their own trading and investment decisions. BANQ® registered representatives will not provide investment advice, solicit orders, act as a market makers, produce research or provide commentary. Only the client can initiate the buy or sell transactions. All trade confirmations will indicate "unsolicited." Investors are encouraged to review their suitability and investment objectives BEFORE any trade is initiated. For additional information on suitability, please review the Suitability FAQ section.
Does BANQ® offer margin trading?
BANQ® currently does not offer margin trading.
For additional questions contact us at email@example.com
We are making history. See our latest news
MYOMO LAUNCHES INITIAL PUBLIC OFFERING VIA JOBS ACT REGULATION A+ WITH SIGHTS SET ON HISTORIC NYSE MKT LISTING Everyday Investors Can Now Buy Stock in Pioneering Wearable Medical Robotics Company
This exclusive webinar explored Reg A+ IPOs as the new alternative to traditional S-1s. The discussion focused on how mature organizations with large social followings can effectively tap their customers, fans, and equity markets in a hybrid approach. The speakers highlighted listing options at NYSE for qualifying Reg A+ issuers, review current Reg A+ hybrid offerings, and discussed key banking, marketing, settlement, delivery and legal strategies.