Thank you for being taught by my friends, please answer me a few questions @0xWangarian 1. What is MSB Do you know what 408 409 415 in your screenshot is for? PS: FinCEN does not recommend, approve, or endorse any registered entity; Registration only means that the entity undertakes to comply with the requirements of the Bank Secrecy Act (BSA) such as AML/KYC/Suspicious Transaction Reporting. 2. What is the relationship between MSB's registered business, MyStonks Holding Limited (BVI) and SEC Form D Mystonks Holding LLC (Delaware, USA)? PS: I can't find it because there is no information about Mystonks Holding LLC registering MSB. 3. Do you know what MTL is? PS: If you are doing business in the United States, it is impossible to do without MTL, and different states require different MTL lists and numbers. 4. MSB registration ≠ have securities business qualifications Do you know? PS: To sell or match tokenized securities to the public, you usually need to have a broker-dealer (FINRA-regulated) and/or ATS (alternative trading system) or registered exchange qualification in the United States. This is partly under the SEC/FINRA system. To put it bluntly, your screenshot is only the FinCEN-MSB initial registration receipt from the BVI entity MyStonks Holding Limited. It can state that it is "registered with MSB at the federal level," but it does not prove that it is "eligible for the sale of tokenized shares to retail" or "has an exchange license." Thank you for your education.