CommunityBankList.com is Not an Exchange, Broker-Dealer, Etc. BancList is not a registered national securities exchange, alternative trading system, securities information processor, broker, dealer or investment adviser nor does it act or serve in those capacities.
Identification of Broker-Dealers. Any registered user that is a broker-dealer, an associated person of a broker-dealer or who has a state securities license is responsible for identifying that fact.
Two-Sided Quotes Prohibited. “Two-sided quotes,” in which a registered user indicates a bid to buy a security at one price and an offer to sell that same security at a higher price, are prohibited.
Postings Informational Only. Postings on BancList are for informational purposes only. They are not in any way to be deemed or construed to be offers or firm quotes by BancList or any of the other parties involved. Rather, such postings are merely a list of information which may include the names, addresses and telephone numbers of potentially interested sellers and buyers, the number of shares of community bank stock which may be involved in a trade and the proposed price at which a trade could occur. BancList makes no representation or warranty regarding any of the information posted on BancList and makes no assurance that any trade will occur as to any number of shares or at any price, or if such trade would occur at all. BancList does not participate in any way in the execution of trades between registered users. Any and all trades that may occur must take place offline independent of BancList or any of its affiliates, without their participation or facilitation.
Application of Federal Securities Laws. Federal securities laws (including the anti-fraud and anti-manipulation provisions) apply to any offer made or transaction ultimately consummated as a result of a posting on BancList. Registered users are required to comply with such laws and are solely responsible for their compliance. BancList is not responsible, nor liable, for a registered user’s failure to comply with such federal securities laws.
? Federal Registration Requirements. The registration requirements of the federal securities laws apply to any securities posted for sale or purchase on BancList and such securities must be registered, absent an available exemption. Each registered user is responsible for complying with applicable registration requirements. A registered user listing or responding to a posting is responsible for ascertaining whether the securities listed in such posting are registered or exempt from registration. BancList is not responsible, nor liable, for a registered user’s failure to comply with applicable registration requirements.
State Securities Laws. Any offer made or transaction consummated as a result of a posting on BancList is subject to compliance with applicable state securities laws. Offers may be made or accepted only to the extent lawful in the states involved. Each registered user is responsible for ascertaining the availability of its own state securities law exemption. CommunityBankList.com is not responsible, nor liable, for a registered user’s failure to comply with applicable state securities laws.