PRAGUE, CZECH REPUBLIC / ACCESSWIRE / July 5, 2024 / Recently, tech company AR Tech (Able Research Technology) announced that it has received MSB (Money Services Business) and EDGAR (Electronic Data Gathering, Analysis, and Retrieval) licenses from the U.S. Securities and Exchange Commission (SEC). This milestone marks a major step forward for AR Tech in the field of asset management and fundraising.
SEC powers and strict regulations
Founded in 1934, the U.S. Securities and Exchange Commission (SEC) is an independent federal agency charged with regulating the securities markets, protecting investors, and ensuring that markets are fair, efficient, and transparent. Known for its rigorous oversight and rigorous regulatory standards, earning an SEC license means that a company has met extremely high standards of compliance and transparency.
The SEC’s MSB license and EDGAR system are important components of the global financial market. The MSB license is primarily used to regulate companies engaged in financial services such as funds transfer, foreign exchange trading, and cryptocurrency trading. Meanwhile, the EDGAR system is the SEC’s electronic system for collecting, verifying, and distributing corporate filings, allowing the public access to various reports and statements filed by companies.
Using MSB and EDGAR Licenses
Obtaining an MSB license means that AR Tech can legally conduct a wide range of financial services in the United States, including asset management and fundraising activities. These licenses are typically granted to companies involved in money sending, remittance, foreign exchange trading, and cryptocurrency trading. Specifically, holding an MSB license allows the company to operate as a pooled investment fund interest, allowing it to pool investor funds to make co-investments and scale its asset management and fundraising capabilities.
In addition, the EDGAR system license enables AR Tech to efficiently file and disclose company documents, ensuring that all financial and operational information is transparent and available to the public, which not only enhances the company’s compliance but also increases investor confidence.
Others holding similar licenses
Globally, only a few companies hold the SEC MSB license and EDGAR license, and they are usually large financial institutions with a high level of compliance and transparency. For example, the well-known cryptocurrency exchange Coinbase holds similar licenses and operates legally in the US market, providing safe and reliable trading services. Other large financial services institutions such as PayPal and Square also hold similar licenses and conduct a variety of financial activities.
Conclusion
AR Tech’s acquisition of MSB and EDGAR licenses from the US SEC not only marks a major breakthrough in financial services, but also strengthens the company’s leadership position in the high-tech industry. These licenses enable AR Tech to provide more comprehensive financial services and meet the diverse needs of the market and customers. The SEC’s strict regulations and high standards ensure the authority and credibility of these licenses, providing investors and customers with additional peace of mind. This achievement undoubtedly lays a solid foundation for AR Tech’s future growth.
About Able Research Technology Co., Ltd.
Able Researh Technology Ltd provides advanced solutions designed to meet the unique requirements of financial institutions. Able Researh Technology Ltd specializes in strategic technology consulting, robust software development, Artificial Intelligence (AI) research and development, Artificial Intelligence (AI) deep learning and cyber security.
In the world of business and finance, having access to the latest technology provides a competitive advantage: efficient systems, data analytics, and advanced tools enhance decision-making, streamline operations, and improve overall performance.
Media Contact
Organization: Able Research Technology (AR Tech)
Person responsible: Winston Armstrong
Website: https://www.ableresearchtech.com/
Email: [email protected]
City: Prague
Country: Czech Republic
sauce: Able Research Technology (AR Tech)
