EXtrance, Inc. operates as an online investment platform that allows users to invest in a range of securities, including private equity securities offered by third-party issuers. It is important for users to understand the regulatory framework under which the platform operates and the risks associated with investing through the platform.
Regulatory Oversight: EXtrance is not a registered investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities regulator. EXtrance is not a broker-dealer and does not engage in any activities that require registration as a broker-dealer. However, EXtrance may be subject to regulation by other government agencies or self-regulatory organizations, including but not limited to the Federal Trade Commission (FTC) and the Financial Industry Regulatory Authority (FINRA).
Risk Disclosure: Investing through the EXtrance platform involves risks, including the risk of losing some or all of your investment. Private equity securities, in particular, are subject to a high degree of risk, including the potential for illiquidity and lack of transparency. Users should carefully consider their investment objectives, risk tolerance, and overall financial situation before investing.
Fees and Charges: Users who invest through the EXtrance platform will pay fees and other charges as set forth in their agreement with EXtrance. These fees may include, but are not limited to, management fees, transaction fees, and other expenses related to specific investments. Users should carefully review all fees and charges associated with their investments before investing.
No Guarantee of Performance: EXtrance does not guarantee any investment returns or provide any assurances that investments made through the platform will be profitable. The performance of any investment can be affected by a wide range of factors, including market conditions, economic conditions, and the performance of specific companies or investments.
Qualified Matching System: EXtrance operates a Qualified Matching System (QMS) designed to match users with investment opportunities that meet their investment objectives and risk tolerance. While the QMS is designed to help users make informed investment decisions, it is not a guarantee of investment success or suitability. Users should carefully consider the risks associated with the QMS, including the potential for incomplete or inaccurate information to be used in the matching process.
Third-Party Service Providers: EXtrance may engage third-party service providers to facilitate certain functions of the platform, such as custodial and administrative services. While EXtrance conducts due diligence on these service providers, it cannot guarantee the performance or reliability of these third parties.
By using the EXtrance platform, users acknowledge that they have read and understand the terms of this regulatory disclosures document, as well as any other applicable agreements or disclosures provided by EXtrance. Users should carefully consider all risks, fees, and the operation of the QMS associated with their investments before investing through the platform.