Circle's SeedInvest receives approval to operate as an ATS

Equity crowdfunding platform SeedInvest can now operate as an Alternative Trading System (ATS) after getting approval from FINRA, the company announced in a press release. It will serve as a “secondary market trading of equities launched through its primary markets platform," allowing investors to buy and sell startup shares following their initial purchase.

Circle closed the acquisition of SeedInvest in March when it received regulatory approval from FINRA. 

“This milestone also underscores both Circle and SeedInvest’s long-term commitment to working closely with regulators in building new products and innovating the financial system while also meeting the rigorous standards needed to protect consumers, investors and market integrity,” the announcement reads.