Logical Analysis Report

Key Focus

• Another wholly-owned subsidiary of tZERO, tZERO Markets, LLC ("tZERO Markets"), is in the process of seeking regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and mobile application that allows retail customers to conduct self-directed trading of conventional and digital securities, along with other activities.
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries, tZERO ATS, LLC and SpeedRoute, LLC ("SpeedRoute")
• On May 27, 2020, we received a subpoena from the SEC requesting further information regarding the alternative trading system run by tZERO's ATS, LLC. We have responded to all subpoenas and requests for information and will continue to cooperate fully with the SEC in connection with its investigations and information requests.
  tZERO's broker-dealer subsidiaries are subject to extensive regulatory requirements under federal and state laws and regulations and self-regulatory organization ("SRO") rules
• To achieve this, tZERO ATS, LLC is in discussions with several broker-dealers interested in subscribing to the tZERO ATS, which would enable their customers to trade digital securities traded on the ATS. tZERO also continues to develop new trading venues for digital securities such as BSTX as it seeks regulatory approval for a U.S. national exchange facility, as well as working to launch tZERO Markets (subject to regulatory approval) to support further investors who wish to access such trading venues.
  Create a world class trading experience - tZERO continues to seek opportunities to enhance the tZERO Technology Stack and improve investors'trading experience for all types of financial products
• These investments include the alternative trading system (the "tZERO ATS") run by its wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the trading of digital securities, and its joint venture with BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange facility with regulatory approvals enabling it to support trading in a type of digital security called a security token

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Knowledge Graph(Read more)

Complex Event Analysis(Read more)

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High Level Topics

TZERO

TRADING

MEDICI_VENTURES

DIGITAL

High Level Abstractions

TZERO(19, 0 Order)

( TZERO )(19, 0 Order)  top

( TZERO, TRADING )(8, 1st Order)  top

( TZERO, TRADING, ATS )(7, 2nd Order)  top

( TZERO, TRADING, ATS, DIGITAL )(3, 3rd Order)  top

( TZERO, TRADING, ATS, REGULATORY )(4, 3rd Order)  top

( TZERO, TRADING, ATS, MARKETS )(2, 3rd Order)  top

( TZERO, TRADING, ATS, BROKER-DEALER )(3, 3rd Order)  top

( TZERO, TRADING, ATS, WHOLLY-OWNED )(2, 3rd Order)  top

( TZERO, TRADING, ATS, SPEEDROUTE )(2, 3rd Order)  top

( TZERO, TRADING, ATS, SECURITY )(1, 3rd Order)  top

( TZERO, TRADING, ATS, REGISTERED )(1, 3rd Order)  top

( TZERO, TRADING, ATS, INVESTORS )(1, 3rd Order)  top

( TZERO, TRADING, ATS, APPROVALS )(2, 3rd Order)  top

( TZERO, TRADING, REGULATORY )(4, 2nd Order)  top

( TZERO, TRADING, DIGITAL )(4, 2nd Order)  top

( TZERO, TRADING, MARKETS )(2, 2nd Order)  top

( TZERO, TRADING, BROKER-DEALER )(3, 2nd Order)  top

( TZERO, TRADING, WHOLLY-OWNED )(2, 2nd Order)  top

( TZERO, TRADING, SPEEDROUTE )(2, 2nd Order)  top

( TZERO, TRADING, SECURITY )(1, 2nd Order)  top

( TZERO, TRADING, REGISTERED )(1, 2nd Order)  top

( TZERO, TRADING, INVESTORS )(1, 2nd Order)  top

( TZERO, TRADING, APPROVALS )(2, 2nd Order)  top

( TZERO, REGULATORY )(8, 1st Order)  top

( TZERO, REGULATORY, ATS )(4, 2nd Order)  top

( TZERO, REGULATORY, DIGITAL )(3, 2nd Order)  top

( TZERO, REGULATORY, BROKER-DEALER )(5, 2nd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, TRADING )(3, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, DIGITAL )(2, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, ATS )(3, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, WHOLLY-OWNED )(2, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, VARIOUS )(1, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, SECURITY )(1, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, FEDERAL )(2, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, BUSINESSES )(2, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, AUTHORITIES )(2, 3rd Order)  top

( TZERO, REGULATORY, BROKER-DEALER, APPROVALS )(2, 3rd Order)  top

( TZERO, REGULATORY, MARKETS )(3, 2nd Order)  top

( TZERO, REGULATORY, COMPLIANCE )(2, 2nd Order)  top

( TZERO, REGULATORY, AUTHORITIES )(3, 2nd Order)  top

( TZERO, REGULATORY, WHOLLY-OWNED )(2, 2nd Order)  top

( TZERO, REGULATORY, VARIOUS )(1, 2nd Order)  top

( TZERO, REGULATORY, SERVICES )(2, 2nd Order)  top

( TZERO, REGULATORY, SECURITY )(1, 2nd Order)  top

( TZERO, ATS )(8, 1st Order)  top

( TZERO, ATS, DIGITAL )(3, 2nd Order)  top

( TZERO, ATS, BROKER-DEALER )(4, 2nd Order)  top

( TZERO, ATS, REGISTERED )(2, 2nd Order)  top

( TZERO, ATS, MARKETS )(2, 2nd Order)  top

( TZERO, ATS, WHOLLY-OWNED )(2, 2nd Order)  top

( TZERO, ATS, SROS )(2, 2nd Order)  top

( TZERO, ATS, SPEEDROUTE )(2, 2nd Order)  top

( TZERO, ATS, SECURITY )(1, 2nd Order)  top

( TZERO, ATS, INVESTORS )(1, 2nd Order)  top

( TZERO, DIGITAL )(6, 1st Order)  top

( TZERO, DIGITAL, MARKETS )(2, 2nd Order)  top

( TZERO, DIGITAL, WHOLLY-OWNED )(2, 2nd Order)  top

( TZERO, DIGITAL, SECURITY )(1, 2nd Order)  top

( TZERO, DIGITAL, INVESTORS )(2, 2nd Order)  top

( TZERO, DIGITAL, BROKER-DEALER )(2, 2nd Order)  top

( TZERO, DIGITAL, APPROVALS )(2, 2nd Order)  top

( TZERO, DIGITAL, VENTURE )(2, 2nd Order)  top

( TZERO, DIGITAL, TRADE )(2, 2nd Order)  top

( TZERO, BROKER-DEALER )(6, 1st Order)  top

( TZERO, BROKER-DEALER, WHOLLY-OWNED )(2, 2nd Order)  top

( TZERO, BROKER-DEALER, VARIOUS )(1, 2nd Order)  top

( TZERO, BROKER-DEALER, SECURITY )(1, 2nd Order)  top

( TZERO, BROKER-DEALER, REGISTERED )(2, 2nd Order)  top

( TZERO, BROKER-DEALER, MARKETS )(1, 2nd Order)  top

( TZERO, BROKER-DEALER, FEDERAL )(2, 2nd Order)  top

( TZERO, BROKER-DEALER, BUSINESSES )(2, 2nd Order)  top

( TZERO, REGISTERED )(3, 1st Order)  top

( TZERO, MEDICI_VENTURES )(2, 1st Order)  top

( TZERO, MARKETS )(5, 1st Order)  top

( TZERO, MARKETS, TECHNOLOGIES )(2, 2nd Order)  top

( TZERO, MARKETS, INVESTORS )(1, 2nd Order)  top

( TZERO, MARKETS, CAPITAL )(3, 2nd Order)  top

( TZERO, MARKETS, BUSINESSES )(2, 2nd Order)  top

( TZERO, MARKETS, WHOLLY-OWNED )(2, 2nd Order)  top

( TZERO, MARKETS, VERIFY_INVESTOR )(1, 2nd Order)  top

( TZERO, MARKETS, TRADE )(1, 2nd Order)  top

( TZERO, LOSS )(1, 1st Order)  top

( TZERO, CASH )(1, 1st Order)  top

( TZERO, AUTHORITIES )(4, 1st Order)  top

( TZERO, SERVICES )(4, 1st Order)  top

TRADING(9, 0 Order)

( TRADING )(9, 0 Order)  top

( TRADING, ATS )(8, 1st Order)  top

( TRADING, ATS, DIGITAL )(3, 2nd Order)  top

( TRADING, ATS, REGULATORY )(4, 2nd Order)  top

( TRADING, ATS, BROKER-DEALER )(4, 2nd Order)  top

( TRADING, ATS, REGISTERED )(2, 2nd Order)  top

( TRADING, ATS, MARKETS )(2, 2nd Order)  top

( TRADING, ATS, WHOLLY-OWNED )(2, 2nd Order)  top

( TRADING, ATS, SROS )(2, 2nd Order)  top

( TRADING, ATS, SPEEDROUTE )(2, 2nd Order)  top

( TRADING, ATS, SECURITY )(1, 2nd Order)  top

( TRADING, ATS, INVESTORS )(1, 2nd Order)  top

( TRADING, DIGITAL )(4, 1st Order)  top

( TRADING, REGULATORY )(4, 1st Order)  top

( TRADING, BROKER-DEALER )(4, 1st Order)  top

( TRADING, REGISTERED )(2, 1st Order)  top

( TRADING, MARKETS )(3, 1st Order)  top

( TRADING, INVESTORS )(1, 1st Order)  top

( TRADING, WHOLLY-OWNED )(2, 1st Order)  top

( TRADING, TECHNOLOGY_STACK )(3, 1st Order)  top

( TRADING, TECHNOLOGY )(2, 1st Order)  top

( TRADING, SROS )(1, 1st Order)  top

MEDICI_VENTURES(3, 0 Order)

( MEDICI_VENTURES )(3, 0 Order)  top

DIGITAL(5, 0 Order)

( DIGITAL )(5, 0 Order)  top

( DIGITAL, ATS )(3, 1st Order)  top

( DIGITAL, REGULATORY )(3, 1st Order)  top

( DIGITAL, MARKETS )(2, 1st Order)  top

( DIGITAL, WHOLLY-OWNED )(2, 1st Order)  top

( DIGITAL, SECURITY )(1, 1st Order)  top

( DIGITAL, INVESTORS )(2, 1st Order)  top

( DIGITAL, BROKER-DEALER )(2, 1st Order)  top

( DIGITAL, APPROVALS )(2, 1st Order)  top

( DIGITAL, VENTURE )(2, 1st Order)  top

( DIGITAL, TRADE )(2, 1st Order)  top

References

• ( TZERO )  top
• ( TZERO, TRADING )  top
• ( TZERO, TRADING, ATS )  top
• ( TZERO, TRADING, ATS, DIGITAL )  top
• (Read more)   top... "tZERO ATS") run by its wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the trading of digital securities, and its joint venture with BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange facility with regulatory approvals enabling it...
• (Read more)   top ... regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and mobile application that allows retail customers to conduct self-directed trading of conventional and digital securities, along with other activities.
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries, tZERO ATS, LLC and SpeedRoute, LLC...
• (Read more)   top To achieve this, tZERO ATS, LLC is in discussions with several broker-dealers interested in subscribing to the tZERO ATS, which would enable their customers to trade digital securities traded on the ATS. tZERO also continues to develop new trading venues for digital securities such as BSTX as it seeks regulatory approval for a U.S. national exchange facility,...
• ( TZERO, TRADING, ATS, REGULATORY )  top
• (Read more)   top
  tZERO's broker-dealer subsidiaries are subject to extensive regulatory requirements under federal and state laws and regulations and self-regulatory organization ("SRO") rules
• (Read more)   top... including for the trading of digital securities, and its joint venture with BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange facility with regulatory approvals enabling it to support trading in a type of digital security called a security token
• (Read more)   top Another wholly-owned subsidiary of tZERO, tZERO Markets, LLC ("tZERO Markets"), is in the process of seeking regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and mobile application that allows retail customers to conduct self-directed trading of conventional and digital...
• (Read more)   top ... the tZERO ATS, which would enable their customers to trade digital securities traded on the ATS. tZERO also continues to develop new trading venues for digital securities such as BSTX as it seeks regulatory approval for a U.S. national exchange facility, as well as working to launch tZERO Markets (subject to regulatory approval) to support further investors who wish to access such trading venues.
  Create...
• ( TZERO, TRADING, ATS, MARKETS )  top
• (Read more)   top Another wholly-owned subsidiary of tZERO, tZERO Markets, LLC ("tZERO Markets"), is in the process of seeking regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and mobile application that allows retail...
• (Read more)   top ... tZERO also continues to develop new trading venues for digital securities such as BSTX as it seeks regulatory approval for a U.S. national exchange facility, as well as working to launch tZERO Markets (subject to regulatory approval) to support further investors who wish to access such trading venues.
  Create a world class trading experience - tZERO continues to seek opportunities to enhance...
• ( TZERO, TRADING, ATS, BROKER-DEALER )  top
• (Read more)   top
  tZERO's broker-dealer subsidiaries are subject to extensive regulatory requirements under federal and state laws and regulations and self-regulatory organization ("SRO") rules
• (Read more)   top... investments include the alternative trading system (the "tZERO ATS") run by its wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the trading of digital securities, and its joint venture with BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange...
• (Read more)   top
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries, tZERO ATS, LLC and SpeedRoute, LLC ("SpeedRoute")
• ( TZERO, TRADING, ATS, WHOLLY-OWNED )  top
• (Read more)   topThese investments include the alternative trading system (the "tZERO ATS") run by its wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the trading of digital securities, and its joint venture with...
• (Read more)   top Another wholly-owned subsidiary of tZERO, tZERO Markets, LLC ("tZERO Markets"), is in the process of seeking regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and...
• ( TZERO, TRADING, ATS, SPEEDROUTE )  top
• (Read more)   top In addition, tZERO ATS, LLC owns and operates an alternative trading system registered with the SEC. Each of SpeedRoute and tZERO ATS, LLC is subject to regulation, examination, investigation, and disciplinary action by the SEC, FINRA, and state securities regulators, as well as other governmental authorities and SROs...
• (Read more)   top
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries, tZERO ATS, LLC and SpeedRoute, LLC ("SpeedRoute").
• ( TZERO, TRADING, ATS, SECURITY )  top
• (Read more)   top... BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange facility with regulatory approvals enabling it to support trading in a type of digital security called a security token.
• ( TZERO, TRADING, ATS, REGISTERED )  top
• (Read more)   top In addition, tZERO ATS, LLC owns and operates an alternative trading system registered with the SEC. Each of SpeedRoute and tZERO ATS, LLC is subject to regulation, examination, investigation, and disciplinary action by the SEC, FINRA, and state securities regulators, as well as other...
• ( TZERO, TRADING, ATS, INVESTORS )  top
• (Read more)   top ... digital securities such as BSTX as it seeks regulatory approval for a U.S. national exchange facility, as well as working to launch tZERO Markets (subject to regulatory approval) to support further investors who wish to access such trading venues.
  Create a world class trading experience - tZERO continues to seek opportunities to enhance the tZERO Technology Stack and improve investors'trading...
• ( TZERO, TRADING, ATS, APPROVALS )  top
• (Read more)   top... the trading of digital securities, and its joint venture with BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange facility with regulatory approvals enabling it to support trading in a type of digital security called a security token.
• (Read more)   top Another wholly-owned subsidiary of tZERO, tZERO Markets, LLC ("tZERO Markets"), is in the process of seeking regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and mobile application that allows retail customers to conduct self-directed trading of conventional and digital securities,...
• ( TZERO, TRADING, REGULATORY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , REGULATORY )
• ( TZERO, TRADING, DIGITAL )  top
• (Read more)   top Throughout this report we refer to "digital securities" which are conventional uncertificated securities where the issuer arranges for a digital "courtesy carbon copy" of the transfer agent's share registry to be viewable on the blockchain and may also be referred to as "digitally-enhanced securities".
  tZERO also supports...
• (Read more)   topSee ( TZERO , TRADING , ATS , DIGITAL )
• ( TZERO, TRADING, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( TZERO, TRADING, BROKER-DEALER )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , BROKER-DEALER )
• ( TZERO, TRADING, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, TRADING, SPEEDROUTE )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SPEEDROUTE )
• ( TZERO, TRADING, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TZERO, TRADING, REGISTERED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , REGISTERED )
• ( TZERO, TRADING, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• ( TZERO, TRADING, APPROVALS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , APPROVALS )
• ( TZERO, REGULATORY )  top
• ( TZERO, REGULATORY, ATS )  top
• (Read more)   top On May 27, 2020, we received a subpoena from the SEC requesting further information regarding the alternative trading system run by tZERO's ATS, LLC. We have responded to all subpoenas and requests for information and will continue to cooperate fully with the SEC in connection with its investigations and information requests.
  tZERO's broker-dealer...
• (Read more)   topThese investments include the alternative trading system (the "tZERO ATS") run by its wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the trading of digital securities,...
• (Read more)   top
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries, tZERO ATS, LLC and SpeedRoute, LLC ("SpeedRoute").
• (Read more)   top To achieve this, tZERO ATS, LLC is in discussions with several broker-dealers interested in subscribing to the tZERO ATS, which would enable their customers to trade digital securities traded on the ATS. tZERO also continues to...
• ( TZERO, REGULATORY, DIGITAL )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , DIGITAL )
• ( TZERO, REGULATORY, BROKER-DEALER )  top
• ( TZERO, REGULATORY, BROKER-DEALER, TRADING )  top
• (Read more)   top On May 27, 2020, we received a subpoena from the SEC requesting further information regarding the alternative trading system run by tZERO's ATS, LLC. We have responded to all subpoenas and requests for information and will continue to cooperate fully with the SEC in connection with its investigations and information...
• (Read more)   topThese investments include the alternative trading system (the "tZERO ATS") run by its wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the...
• (Read more)   top ... the process of seeking regulatory approvals from FINRA and the SEC and, subject to such approval, intends to offer a website and mobile application that allows retail customers to conduct self-directed trading of conventional and digital securities, along with other activities.
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries,...
• ( TZERO, REGULATORY, BROKER-DEALER, DIGITAL )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , DIGITAL )
• ( TZERO, REGULATORY, BROKER-DEALER, ATS )  top
• (Read more)   topSee ( TZERO , REGULATORY , ATS )
• ( TZERO, REGULATORY, BROKER-DEALER, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, REGULATORY, BROKER-DEALER, VARIOUS )  top
• (Read more)   top As previously disclosed, tZERO's broker-dealer subsidiaries are currently undergoing various examinations, inquiries, and/or investigations undertaken by various regulatory authorities, which may result in financial and other settlements or penalties
• ( TZERO, REGULATORY, BROKER-DEALER, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TZERO, REGULATORY, BROKER-DEALER, FEDERAL )  top
• (Read more)   top
  tZERO's broker-dealer subsidiaries are subject to extensive regulatory requirements under federal and state laws and regulations and self-regulatory organization ("SRO") rules.
• (Read more)   top ... U.S. Department of the Treasury ("FinCEN"), anti-money laundering requirements, know-your-customer requirements, record-keeping, reporting and capital and bonding requirements, and inspection by state and federal regulatory agencies.
• ( TZERO, REGULATORY, BROKER-DEALER, BUSINESSES )  top
• (Read more)   top ... subsidiary, tZERO Crypto, Inc, is registered as or is applying to become a money transmitter (or its equivalent) in many states and is subject to extensive regulatory requirements applicable to money services businesses, including the requirements of the Financial Crimes Enforcement Network of the U.S. Department of the Treasury ("FinCEN"), anti-money laundering requirements, know-your-customer requirements,...
• (Read more)   top
  In addition, tZERO also maintains certain non-blockchain businesses, including the broker-dealer activities of its subsidiaries, tZERO ATS, LLC and SpeedRoute, LLC ("SpeedRoute")
• ( TZERO, REGULATORY, BROKER-DEALER, AUTHORITIES )  top
• (Read more)   top As previously disclosed, tZERO's broker-dealer subsidiaries are currently undergoing various examinations, inquiries, and/or investigations undertaken by various regulatory authorities, which may result in financial and other settlements or penalties.
• (Read more)   top Any significant failure by tZERO's broker-dealer subsidiaries to satisfy regulatory authorities that they are in compliance with all applicable rules and regulations could have a material adverse effect on tZERO and on us.
  tZERO's subsidiary, tZERO Crypto, Inc, is registered as or is...
• ( TZERO, REGULATORY, BROKER-DEALER, APPROVALS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , APPROVALS )
• ( TZERO, REGULATORY, MARKETS )  top
• (Read more)   top Moreover, as a result of tZERO's projects seeking to apply distributed ledger technologies to the capital markets, tZERO's subsidiaries have been, and remain involved in, ongoing oral and written communications with regulatory authorities
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( TZERO, REGULATORY, COMPLIANCE )  top
• (Read more)   top Any significant failure by tZERO's broker-dealer subsidiaries to satisfy regulatory authorities that they are in compliance with all applicable rules and regulations could have a material adverse effect on tZERO and on us.
  tZERO's subsidiary, tZERO Crypto, Inc, is registered as or is applying to become a money...
• (Read more)   top Compliance with these requirements requires the dedication of significant resources and any material failure by tZERO Crypto, Inc to remain in compliance with the applicable regulatory requirements could subject it to liability or limit the services it may offer.
  On September 27, 2019, a purported securities class action lawsuit was filed against...
• ( TZERO, REGULATORY, AUTHORITIES )  top
• (Read more)   top ... tZERO's projects seeking to apply distributed ledger technologies to the capital markets, tZERO's subsidiaries have been, and remain involved in, ongoing oral and written communications with regulatory authorities.
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , AUTHORITIES )
• ( TZERO, REGULATORY, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, REGULATORY, VARIOUS )  top
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , VARIOUS )
• ( TZERO, REGULATORY, SERVICES )  top
• (Read more)   top ... subsidiary, tZERO Crypto, Inc, is registered as or is applying to become a money transmitter (or its equivalent) in many states and is subject to extensive regulatory requirements applicable to money services businesses, including the requirements of the Financial Crimes Enforcement Network of the U.S. Department of the Treasury ("FinCEN"), anti-money laundering requirements, know-your-customer...
• (Read more)   top ... requires the dedication of significant resources and any material failure by tZERO Crypto, Inc to remain in compliance with the applicable regulatory requirements could subject it to liability or limit the services it may offer.
  On September 27, 2019, a purported securities class action lawsuit was filed against us and our former chief executive officer and former chief financial officer in the United States District Court...
• ( TZERO, REGULATORY, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TZERO, ATS )  top
• ( TZERO, ATS, DIGITAL )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , DIGITAL )
• ( TZERO, ATS, BROKER-DEALER )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , BROKER-DEALER )
• (Read more)   topEach of SpeedRoute LLC ("SpeedRoute") and tZERO ATS, LLC is registered with the SEC as a broker-dealer under the Securities Exchange Act of 1934 (the "Exchange Act") and in the states in which it conducts securities business and is a member of FINRA and other SROs (as applicable)
• ( TZERO, ATS, REGISTERED )  top
• (Read more)   topEach of SpeedRoute LLC ("SpeedRoute") and tZERO ATS, LLC is registered with the SEC as a broker-dealer under the Securities Exchange Act of 1934 (the "Exchange Act") and in the states in which it conducts securities business and is a member of FINRA and other SROs...
• (Read more)   topSee ( TZERO , TRADING , ATS , REGISTERED )
• ( TZERO, ATS, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( TZERO, ATS, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, ATS, SROS )  top
• (Read more)   top... registered with the SEC as a broker-dealer under the Securities Exchange Act of 1934 (the "Exchange Act") and in the states in which it conducts securities business and is a member of FINRA and other SROs (as applicable).
• (Read more)   top ... SpeedRoute and tZERO ATS, LLC is subject to regulation, examination, investigation, and disciplinary action by the SEC, FINRA, and state securities regulators, as well as other governmental authorities and SROs with which it is registered or licensed or of which it is a member.
• ( TZERO, ATS, SPEEDROUTE )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SPEEDROUTE )
• ( TZERO, ATS, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TZERO, ATS, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• ( TZERO, DIGITAL )  top
• ( TZERO, DIGITAL, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( TZERO, DIGITAL, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, DIGITAL, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TZERO, DIGITAL, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• (Read more)   toptZERO believes a world-class trading experience will be key to investors'adoption of digital securities and tZERO's products and services.
  Advocacy - tZERO operates businesses which are subject to complex and often uncertain legal environments and believes active engagement...
• ( TZERO, DIGITAL, BROKER-DEALER )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , BROKER-DEALER )
• ( TZERO, DIGITAL, APPROVALS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , APPROVALS )
• ( TZERO, DIGITAL, VENTURE )  top
• (Read more)   top ... demand for and adoption of such assets by developing the tZERO Technology Stack for use by regulated venues on which those digital securities can trade, as well as investing in subsidiaries and joint venture entities that own and operate such trading venues.
• (Read more)   top... wholly-owned subsidiary, tZERO ATS, LLC, which provides a licensed venue for matching buy and sell orders to its broker-dealer subscribers, including for the trading of digital securities, and its joint venture with BOX Digital Markets LLC ("BOX Digital"), intended to develop a U.S. national securities exchange facility with regulatory approvals enabling it to support trading in a type of digital...
• ( TZERO, DIGITAL, TRADE )  top
• (Read more)   top
  tZERO also supports the demand for and adoption of such assets by developing the tZERO Technology Stack for use by regulated venues on which those digital securities can trade, as well as investing in subsidiaries and joint venture entities that own and operate such trading venues
• (Read more)   top To achieve this, tZERO ATS, LLC is in discussions with several broker-dealers interested in subscribing to the tZERO ATS, which would enable their customers to trade digital securities traded on the ATS. tZERO also continues to develop new trading venues for digital securities such as BSTX as it seeks regulatory approval for a U.S. national exchange facility,...
• ( TZERO, BROKER-DEALER )  top
• ( TZERO, BROKER-DEALER, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, BROKER-DEALER, VARIOUS )  top
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , VARIOUS )
• ( TZERO, BROKER-DEALER, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TZERO, BROKER-DEALER, REGISTERED )  top
• (Read more)   topSee ( TZERO , ATS , REGISTERED )
• (Read more)   top
  tZERO's subsidiary, tZERO Crypto, Inc, is registered as or is applying to become a money transmitter (or its equivalent) in many states and is subject to extensive regulatory requirements applicable to money services businesses, including the requirements...
• ( TZERO, BROKER-DEALER, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( TZERO, BROKER-DEALER, FEDERAL )  top
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , FEDERAL )
• ( TZERO, BROKER-DEALER, BUSINESSES )  top
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , BUSINESSES )
• ( TZERO, REGISTERED )  top
• (Read more)   topSee ( TZERO , ATS , REGISTERED )
• (Read more)   topSee ( TZERO , TRADING , ATS , REGISTERED )
• (Read more)   topSee ( TZERO , BROKER-DEALER , REGISTERED )
• ( TZERO, MEDICI_VENTURES )  top
• (Read more)   top
  Our Medici business initiatives include our wholly-owned subsidiary, Medici Ventures, Inc ("Medici Ventures"), which conducts the majority of its business through its majority-owned subsidiary tZERO Group, Inc Medici Ventures'strategy is to create or foster a set of products and...
• (Read more)   top
  For the three months ended June 30, 2020, our loss before income taxes in our Medici Ventures business, excluding our loss in our tZERO business, was $5.3 million, and we expect to continue to incur significant losses in our Medici Ventures business during 2020 as Medici Ventures'business...
• ( TZERO, MARKETS )  top
• ( TZERO, MARKETS, TECHNOLOGIES )  top
• (Read more)   top Moreover, as a result of tZERO's projects seeking to apply distributed ledger technologies to the capital markets, tZERO's subsidiaries have been, and remain involved in, ongoing oral and written communications with regulatory authorities
• (Read more)   top
  tZERO is a financial technology company pursuing initiatives to develop and commercialize the financial applications of blockchain technologies and democratize access to private capital markets.
• ( TZERO, MARKETS, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• ( TZERO, MARKETS, CAPITAL )  top
• (Read more)   top Moreover, as a result of tZERO's projects seeking to apply distributed ledger technologies to the capital markets, tZERO's subsidiaries have been, and remain involved in, ongoing oral and written communications with regulatory authorities
• (Read more)   top... solutions that leverage blockchain technology to generate efficiencies and increase security and control in six areas: identity management, property rights and management, central banking and currencies, capital markets, supply chains and commerce, and voting systems.
• (Read more)   top
  tZERO is a financial technology company pursuing initiatives to develop and commercialize the financial applications of blockchain technologies and democratize access to private capital markets.
• ( TZERO, MARKETS, BUSINESSES )  top
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , BUSINESSES )
• (Read more)   toptZERO's remaining businesses include tZERO Crypto, Inc, a cryptocurrency wallet and exchange services business, and Verify Investor, LLC, an accredited investor verification company.
  Strategies for our tZERO Business
  tZERO...
• ( TZERO, MARKETS, WHOLLY-OWNED )  top
• (Read more)   top
  Our Medici business initiatives include our wholly-owned subsidiary, Medici Ventures, Inc ("Medici Ventures"), which conducts the majority of its business through its majority-owned subsidiary tZERO Group, Inc Medici Ventures'strategy is to create...
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TZERO, MARKETS, VERIFY_INVESTOR )  top
• (Read more)   toptZERO's remaining businesses include tZERO Crypto, Inc, a cryptocurrency wallet and exchange services business, and Verify Investor, LLC, an accredited investor verification company.
  Strategies for our tZERO Business
  tZERO is a financial technology company pursuing initiatives to develop and commercialize the financial applications...
• ( TZERO, MARKETS, TRADE )  top
• (Read more)   topSee ( TZERO , DIGITAL , TRADE )
• ( TZERO, LOSS )  top
• (Read more)   top
  For the three months ended June 30, 2020, our loss before income taxes in our Medici Ventures business, excluding our loss in our tZERO business, was $5.3 million, and we expect to continue to incur significant losses in our Medici Ventures business...
• ( TZERO, CASH )  top
• (Read more)   top
  Our consolidated cash and cash equivalents balance increased from $112.3 million as of December 31, 2019, to $318.6 million as of June 30, 2020, an increase of $206.3 million, primarily as the result of cash flows...
• ( TZERO, AUTHORITIES )  top
• (Read more)   top ... SEC. Each of SpeedRoute and tZERO ATS, LLC is subject to regulation, examination, investigation, and disciplinary action by the SEC, FINRA, and state securities regulators, as well as other governmental authorities and SROs with which it is registered or licensed or of which it is a member.
• (Read more)   topSee ( TZERO , REGULATORY , AUTHORITIES )
• (Read more)   topSee ( TZERO , REGULATORY , BROKER-DEALER , AUTHORITIES )
• ( TZERO, SERVICES )  top
• (Read more)   topSee ( TZERO , REGULATORY , SERVICES )
• (Read more)   toptZERO's remaining businesses include tZERO Crypto, Inc, a cryptocurrency wallet and exchange services business, and Verify Investor, LLC, an accredited investor verification company.
  Strategies for our tZERO Business
  tZERO is a financial technology company pursuing initiatives to develop...
• (Read more)   toptZERO believes a world-class trading experience will be key to investors'adoption of digital securities and tZERO's products and services.
  Advocacy - tZERO operates businesses which are subject to complex and often uncertain legal environments and believes active engagement with regulatory authorities is necessary to realize the...
• ( TRADING )  top
• ( TRADING, ATS )  top
• ( TRADING, ATS, DIGITAL )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , DIGITAL )
• ( TRADING, ATS, REGULATORY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , REGULATORY )
• ( TRADING, ATS, BROKER-DEALER )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , BROKER-DEALER )
• (Read more)   topSee ( TZERO , ATS , BROKER-DEALER )
• ( TRADING, ATS, REGISTERED )  top
• (Read more)   topSee ( TZERO , ATS , REGISTERED )
• (Read more)   topSee ( TZERO , TRADING , ATS , REGISTERED )
• ( TRADING, ATS, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( TRADING, ATS, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TRADING, ATS, SROS )  top
• (Read more)   topSee ( TZERO , ATS , SROS )
• ( TRADING, ATS, SPEEDROUTE )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SPEEDROUTE )
• ( TRADING, ATS, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( TRADING, ATS, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• ( TRADING, DIGITAL )  top
• (Read more)   top ... a suite of technologies (the "tZERO Technology Stack") that enables issuers to issue, and relevant regulated market participants to support the issuance, trading, clearance and settlement of, digital securities. Throughout this report we refer to "digital securities" which are conventional uncertificated securities where the issuer arranges for a digital "courtesy carbon copy" of...
• (Read more)   topSee ( TZERO , TRADING , ATS , DIGITAL )
• ( TRADING, REGULATORY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , REGULATORY )
• ( TRADING, BROKER-DEALER )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , BROKER-DEALER )
• (Read more)   topSee ( TZERO , ATS , BROKER-DEALER )
• ( TRADING, REGISTERED )  top
• (Read more)   topSee ( TZERO , ATS , REGISTERED )
• (Read more)   topSee ( TZERO , TRADING , ATS , REGISTERED )
• ( TRADING, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• (Read more)   top
  tZERO is a financial technology company pursuing initiatives to develop and commercialize the financial applications of blockchain technologies and democratize access to private capital markets. tZERO's primary initiatives currently consist of the following:
  Promote trading - tZERO ATS is focused on quoting for trading high-quality digital securities
• ( TRADING, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• ( TRADING, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( TRADING, TECHNOLOGY_STACK )  top
• (Read more)   top
  tZERO also supports the demand for and adoption of such assets by developing the tZERO Technology Stack for use by regulated venues on which those digital securities can trade, as well as investing in subsidiaries and joint venture entities that own and operate such trading venues
• (Read more)   top Additionally, tZERO is enhancing the tZERO Technology Stack to support third party issuance protocols in order to support securities which have been digitally enabled by other technology companies and is cultivating relationships with established investment banks...
• (Read more)   top
  Create a world class trading experience - tZERO continues to seek opportunities to enhance the tZERO Technology Stack and improve investors'trading experience for all types of financial products.
• ( TRADING, TECHNOLOGY )  top
• (Read more)   top
  tZERO is a financial technology company pursuing initiatives to develop and commercialize the financial applications of blockchain technologies and democratize access to private capital markets
• (Read more)   top Additionally, tZERO is enhancing the tZERO Technology Stack to support third party issuance protocols in order to support securities which have been digitally enabled by other technology companies and is cultivating relationships with established investment banks to help prospective issuers raise capital, prior to tokenizing and trading on the tZERO ATS.
  Enhance liquidity...
• ( TRADING, SROS )  top
• (Read more)   top ... registered with the SEC as a broker-dealer under the Securities Exchange Act of 1934 (the "Exchange Act") and in the states in which it conducts securities business and is a member of FINRA and other SROs (as applicable). In addition, tZERO ATS, LLC owns and operates an alternative trading system registered with the SEC. Each of SpeedRoute and tZERO ATS, LLC is subject to regulation, examination,...
• ( MEDICI_VENTURES )  top
• (Read more)   top... better meet the needs of our target customer segments and adapt to seasonal relevance. Our Medici Ventures Business Our Medici business initiatives include our wholly-owned subsidiary, Medici Ventures, Inc ("Medici Ventures"), which conducts the majority of its business through its majority-owned subsidiary tZERO Group, Inc Medici Ventures'strategy is to create or foster a set of products and...
• (Read more)   topMedici Ventures accomplishes this by doing the following: Enable existing keiretsu companies to extend runway to profitability - The companies in Medici Ventures'keiretsu continue to release products into production. Medici Ventures supports its keiretsu companies by offering a variety of services including development, design, public relations services, and assistance...
• (Read more)   top ... from the deconsolidation of MLG's net assets and $9.4 million in expenditures for property and equipment. For the three months ended June 30, 2020, our loss before income taxes in our Medici Ventures business, excluding our loss in our tZERO business, was $5.3 million, and we expect to continue to incur significant losses in our Medici Ventures business during 2020 as Medici Ventures'business...
• ( DIGITAL )  top
• ( DIGITAL, ATS )  top
• (Read more)   topSee ( TZERO , REGULATORY , ATS )
• ( DIGITAL, REGULATORY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , REGULATORY )
• ( DIGITAL, MARKETS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , MARKETS )
• ( DIGITAL, WHOLLY-OWNED )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , WHOLLY-OWNED )
• ( DIGITAL, SECURITY )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , SECURITY )
• ( DIGITAL, INVESTORS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , INVESTORS )
• (Read more)   topSee ( TZERO , DIGITAL , INVESTORS )
• ( DIGITAL, BROKER-DEALER )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , BROKER-DEALER )
• ( DIGITAL, APPROVALS )  top
• (Read more)   topSee ( TZERO , TRADING , ATS , APPROVALS )
• ( DIGITAL, VENTURE )  top
• (Read more)   topSee ( TZERO , DIGITAL , VENTURE )
• ( DIGITAL, TRADE )  top
• (Read more)   topSee ( TZERO , DIGITAL , TRADE )