[PSM Overview]
Private Securities Market (PSM)
Background
Recent global economic events have prompted great interest in private securities and the marketplace in which they may be traded. PSCS has not reinvented the wheel. Private Securities Markets (PSMs) have existed for many centuries in England and America. They are a direct result of our natural right to dispose of our property. In other words, the transferability of shares in entities such as express trusts, unincorporated companies and associations always has been a right that comes with owning beneficial or capital interest in those entities.
Over the centuries, PSMs evolved a well-settled body of common law in both countries. In America, PSMs are indirectly governed under trust law. The American common law regards shares as transferable by natural right of the owner of the shares whether they are represented in writing or otherwise. The same holds true of other types of indispensable paper, wherein the holder of the paper is often referred to as beneficiary or other equivalent designations. Private securities transfers are not subject to any Securities Act of any State, and common law regarding these transfers is unaffected by statutes in general provided that the trading be done in a manner not "clothed" in a public interest.
Private Securities
Private securities are any number of investment paper that have not been registered or certificated with any statutory regulatory agency. They may, and often do, take a somewhat unconventional format due to nonstandard issuance. All types of private indispensable paper may also be traded in a PSM, making the PSM a powerful resource for taking advantage of the debt-based commerce system. The principal problem with such securities is that, because most of this type originate in a nonstandard way, it becomes difficult (if not impossible in many cases) for an issuer or holder to communicate the risks and values associated with the securities offering. It is therefore impossible to attract potential buyers without taking the few important measures to legally set the securities’ worth.
The recessions happening now have been forecasted for years, indeed, many decades, and we are but one of many organizations who have attempted to inform others of this potential for both great danger and great profit. The dangers are obvious, however the profit potential is only visible to the relative few who truly understand the history and mechanics of modern money. The PSM facilitates this as a free marketplace in which certain private securities may be traded with certainty and confidence under PSPN Rules of Participation. It is a unique forum that imposes as few rules on participants as necessary, and reserves all rights to American common law without prejudice. Participation is limited to qualifying parties who have either applied for membership or received an invitation.
Private Securities Participant Network (PSPN)
The solution was developed as a response to the absence of a neutral body to introduce the supply to the somewhat elusive demand. Our solution called for a network that operates like a closed circuit classified ads for private securities that are (i) rated in the PSM based on the Securities Eligibility Assessment; and (ii) offered to participants interested in offers that meet certain criteria. In 2006, we began compiling the Private Securities Participant Network (PSPN).
PSPN is more than a classified ad system however. It is a growing network of trusts, organizations, institutions and individuals that may include DTCC participants or related individuals, private banks/bankers and other knowledgeable industry professionals, all of whom loosely comprise the PSM itself. PSCS acts as Registrar for the network to provide efficient administration and to enforce the Rules. We maintain a system of communication and provide crucial support services in transactions between participants as well. All participants must qualify for membership. Invitations are issued based on preapproval.