Compliance Disclosure

The California Stock Exchange (“CAX”) is a pre-operational project. As of the date above, CAX is not a registered national securities exchange, alternative trading system (ATS), broker-dealer, transfer agent, clearing agency, or self-regulatory organization. CAX has not received approval from the U.S. Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the California Department of Financial Protection and Innovation (DFPI), or any other regulator to operate a securities market.

Operational launch is targeted for January 2027 and is expressly conditioned on receipt of all necessary regulatory approvals and on the policy environment described in Section 3.

Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security, token, membership interest, or other financial instrument. No listing, trading, or investment services are being offered through this site. Any future securities-related activity will only be conducted through the appropriate registered entities, in accordance with applicable federal and state securities laws, and under disclosure documents that comply with those laws.

Submitting the Register Interest form does not create any contractual, brokerage, advisory, or investor relationship, and does not entitle the submitter to any equity, token, allocation, listing slot, or preferential access.

CAX has publicly stated that the project’s execution premise assumes a California policy environment led by Governor Steve Hilton beginning January 2027. This is an independent position taken by CAX based on aligned values regarding economic growth, capital formation, and regulatory modernization. CAX is not affiliated with, endorsed by, or acting on behalf of any political campaign, candidate, committee, or party. No portion of any funds received by CAX will be used for political contributions or campaign activity.

Statements on this site regarding launch dates, economic multipliers, market impact, IPO volumes, employment effects, jurisdictional advantages, and future partnerships are “forward-looking statements.” They reflect current expectations and beliefs and are subject to significant risks, uncertainties, and assumptions, including political, legislative, regulatory, market, technological, and operational factors, many of which are outside our control. Actual results may differ materially. CAX undertakes no obligation to update or revise any forward-looking statement.

Content on this site is provided for general informational purposes only. It is not investment advice, legal advice, tax advice, accounting advice, or a recommendation regarding any security or strategy. You should consult qualified professionals before making any decision based on information presented here.

Statements regarding Grace Livingston’s academic background, professional experience, and FINRA qualifications (Series 7, 79, 63, and 65) reflect the founder’s personal record. Reference to the capability to pass the Series 24 upon sponsorship is descriptive only and does not imply current registration in a principal capacity. Any securities activities requiring registration will only be conducted through, and under the supervision of, an appropriately registered broker-dealer once CAX’s operational entities are established.

References on this site to the New York Stock Exchange (NYSE), Nasdaq, the Texas Stock Exchange, the London Stock Exchange, Hong Kong Exchanges and Clearing (HKEX), and China’s National Equities Exchange and Quotations (NEEQ) are made for educational and comparative purposes. CAX is not affiliated with, sponsored by, or endorsed by any of these exchanges. All trademarks and service marks are the property of their respective owners.

The 3.8x state economic multiplier and its sub-components (capital velocity, knowledge-intensive employment, and preserved high-potential assets) presented on the site are illustrative projections based on the founder’s analysis of comparable exchange ecosystems. They are not guarantees of outcomes and should not be relied upon for investment, policy, or planning decisions.

CAX will never request payment, wire transfers, cryptocurrency transfers, private keys, or account credentials as a condition of registering interest or receiving future updates. Any communication claiming to offer pre-listing allocations, token sales, guaranteed IPO slots, or paid “early access” in the name of CAX should be treated as fraudulent and reported to compliance@castockexchange.com.

This site is intended for viewing by residents of jurisdictions where the general informational content presented here is lawful. It is not directed at, and no information is intended for use by, persons in any jurisdiction where such use would be contrary to local law or regulation. Access from any such jurisdiction is at the user’s own risk.

Submissions to the Register Interest form may be retained as part of CAX’s pre-launch business records and, once regulatory registration is obtained, may become subject to applicable recordkeeping requirements of the SEC, FINRA, and other regulators.

Compliance-related questions can be directed to compliance@castockexchange.com. Media inquiries should be submitted through the Register Interest form using the “Media” category.