Michael Manton
Broker in Arlington, MA
License number
Massachusetts 9553281
Issued Date
Nov 2, 2016
Expiration Date
Sep 1, 2019
Type
Salesperson
Address
Address
Arlington, MA 02474
Professional information
Apparatus, Method And System For A Securities Tracking Management System
US Patent:
7546259, Jun 9, 2009
Filed:
May 28, 2004
Appl. No.:
10/856271
Inventors:
Michael Manton - Arlington MA, US
Assignee:
Thomson Financial LLC - New York NY
International Classification:
G06Q 40/00, G06F 7/00
US Classification:
705 35, 705 36 R, 705 37, 707 3, 707E17008, 707 5
Abstract:
An apparatus, method, and system that implements a Securities Tracking Management System (STMS) for providing an effective solution to clear, track, detect, manage, and alert various entities of invalid securities certificates. The STMS tracks securities certificates (particularly as they become invalid), and enables users to promptly query for invalid securities certificates without requiring the intervention of a transfer agent. In one embodiment, the STMS contains details of all invalid physical certificates that ever existed. The STMS may act as an early warning system for the clearing of physical certificates during the dematerialization process. Further, the STMS may also issue alerts of attempts to convert in securities certificates that are already marked as invalid in the STMS database. Further, the STMS allows the various entities involved in securities certificate trafficking to better track and manage expired certificates in an easier, more secure and transparent manner. The result and manner in which this is achieved, yields the generation of a never before available clearinghouse for securities certificates at the time of dematerialization.