CGS offers one-month open Cusip enrolment for crowdfunded registrants

Source: CUSIP Global Services (CGS)

CUSIP Global Services (CGS), a leading provider of unique security and entity identifiers and descriptive data that enable efficient global trading, today announced a one-month open enrollment period for CUSIP registrations on all new privately placed, or "crowdfunded," offerings.

The open enrollment period, during which the customary registration fees for new CUSIP identifiers will be waived, is announced on September 23rd to mark the one-year anniversary of the JOBS Act, which broadened the investor base to which crowdfunding offerings may be marketed.

"Through our collaboration with WealthForge, a subject matter expert in online private placements, we seek to bring the precision and reliability of the CUSIP standard to this sector of the market," said Matthew Bastian, Director of Market, Business, and Product Development for CGS.  "Announcing the open enrollment period today is our way of acknowledging JOBS Act, which will bring new types of investors and levels of liquidity to the market." 

Market participants interested in securing a CUSIP for their offering are encouraged to go  The open enrollment period will run through October 21st, 2014.

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