Patent ID: 7376615
Filing Date: 2008-05-20
Classification: G06Q

Abstract:
1. A computer-implemented method for processing restricted securities trades via computers associated with a communications network, the method comprising: receiving data relating to restrictions associated with a trade of a security, wherein the trade of the security is based on at least one physical restricted security; receiving at one of the computers associated with the communications network an electronic verification that the data is correct; transmitting an instruction to a transfer agent to convert the at least one physical restricted security into an electronic format; receiving at one of the computers associated with the communications network a notification that the at least one physical restricted security has been converted into an electronic format by the transfer agent; when the notification has been received, automatically generating, at one of the computers associated with the communications network, documentation supportive of the trade wherein the generated documents include at least a legal opinion indicating whether or not the trade restrictions have been satisfied; and responsive to the generated documentation, receiving at one of the computers associated with the communications network an electronic signature to execute the generated documents.