Second Market and SharesPost Are No Competition for Independent Stock Market

Second Market and Shares Post are companies that offer shareholders an opportunity to sell their privately held stock without the consent – and often without the acknowledgement of the privately held companies. In order to participate, shareholders contact Second Market and SharesPost and let them know that they would like to sell their private stock to accredited investors. 

An accredited investor is someone who has a net worth of more than one million dollars. This year they made the distinction of being an accredited investor a little more difficult by stipulating that the total net worth of the investor cannot include his or her place of residence. Individuals can qualify as accredited investors if they earn at least two hundred thousand dollars a year. Couples can become accredited investors if they earn at least three hundred thousand dollars a year combined.

At times, the seller has a hard time finding a buyer, with these companies, because only accredited investors can participate. There is a hefty transaction fee for performing this service that both the buyer and the seller pay Second Market and SharesPost. The fee is hundreds of times what you would pay online for publicly traded stock.

The independent Stock Market (ISM) works with private business owners and their shareholders to provide them with a marketplace to sell their stock.  Instead of sneaking around behind the business owner’s back to trade stock like Second Market and Shares Post do, ISM works with the business owner to ensure the trading remains at the level the owner desires. One wrong move from a seller with Second Market and SharesPost and the once private company could be thrown into public status with all the state and federal filings and reports that public status requires.

Unlike Second Market and SharesPost, accredited and non-accredited investors can participate in the buying and selling of stock with ISM. This means that you don’t have to be a millionaire to get access purchase shares in a company that you believe in.

Instead of paying exorbitant transfer fees for each transaction like Second Market and SharesPost, the Independent Stock Market has a minimal fee while allowing purchasers the opportunity of being significant partners in businesses that they believe in. In many cases, shareholders will be one of less than 500 total shareholders in companies whose stock is available on the ISM marketplace.

ISM has the consent of the business owner in making the trade. ISM allows both accredited and non-accredited investors. ISM’s transaction fees are significantly lower than Second Market and Shares Post. It’s easy to see how the Independent Stock Market performs head and shoulders above its competition.