System and method for controlling access and use of private information

• US 20030088517A1
• Filed: 09/24/2001
• Published: 05/08/2003
• Est. Priority Date: 04/13/2001
• Status: Abandoned Application

• Current Assignee: Xyleco, Inc.
• Original Assignee: Xyleco, Inc.
• Inventors: Medoff, Marshall
• Application Number:
  US09/961,799
• Publication Number:
  US 20030088517A1
• Time in Patent Office: Days
• US Class Current: 705/59
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A private information control system provides access to private information, such as private offerings to potential investors in compliance with securities law. The system includes legal and technical control features to restrict access and use of private information over a network, such as the Internet. In particular, a server provides registration and user license agreement forms to assure that a client/user is qualified under the securities law. From the registration form, the server confirms the client/user status depending on the type of private information. When an authorized client/user requests private information, the server returns a cookie to the client device to provide access to the private financial information from only that client device. The server also transmits instructions to restrict unauthorized use of private information, such as printing and copying. The registration, user license agreement, and private information are encrypted to for secure transmission between the server and client.

Claims

1. A method of providing private information from a server over a network comprising:

providing a registration form, a user license agreement and private information on the server;

at a client, accessing the registration form and the user license agreement from the server as web page, completing the registration form and the user license agreement, and forwarding the completed registration form and the completed user license agreement to the server;

from the registration form and the user license agreement, authorizing access to the private information; and

at the client, accessing the private information from the server as a web page.

2. A method as claimed in claim 1 further comprising, from the server, transmitting a message instructing a client device linked to the client to preclude unauthorized use of the private information.

3. A method as claimed in claim 2 wherein the unauthorized use includes using the private information in violation of securities rules.

4. A method as claimed in claim 2 wherein the unauthorized use includes copying and printing of the private information.

5. A method as claimed in claim 1 wherein the private information includes at least one of a private offering and licensing information.

6. A method as claimed in claim 1 wherein a user at the client is an accredited investor or sophisticated investor under securities rules.

7. A method as claimed in claim 1 wherein the step of authorizing access includes assuring accreditation in accordance with securities rules.

8. A method as claimed in claim 1 further comprising, at the server, enabling a password for the client'"'"'s access to the private information.

9. A method as claimed in claim 8 further comprising submitting a new password request in the event that the server denies access.

10. A method as claimed in claim 8 wherein the password is provided from the server to the client by electronic mail.

11. A method as claimed in claim 8 further comprising, during an initial log in from the client device using the password, flagging the password to preclude use of the password from a second client device.

12. A method as claimed in claim 11 further comprising returning a cookie having the password from the server to the client device to provide access to the private information from only the client device.

13. A method as claimed in claim 1 further comprising, at the client, accessing from the server an accreditation confirmation statement having information on securities rules.

14. A method as claimed in claim 1 further comprising, at the client, selecting a country from which the client is accessing the private information.

15. A method as claimed in claim 1 further comprising, at the client, selecting a language in which the private information is displayed.

16. A method as claimed in claim 1 wherein the server being at least one computer connected to the network.

17. A method as claimed in claim 1 wherein access to the private information by a search engine is blocked.

18. A method as claimed in claim 1 wherein the step of authorizing access includes confirming a reference provided in the registration form.

19. A method as claimed in claim 18 wherein the reference includes at least one of a broker, accountant, banker and attorney.

20. A method as claimed in claim 1 wherein the network is the Internet.

21. A method as claimed in claim 1 wherein the private information is a secondary private securities offer.

22. A method as claimed in claim 21 further comprising

at the client, accessing a purchase request form from the server, completing the purchase request form, and forwarding the purchase request form to the server to request purchase of the secondary private securities,

at the server, receiving the purchase request form and authorizing the purchase request in compliance with securities rules.

23. A method as claimed in claim 21 further comprising,

at the client, accessing a secondary private securities offer form, completing the secondary private securities offer form, and forwarding the secondary private securities offer form to request offer for sale of the secondary private securities,

at the server, receiving the secondary private securities offer form and authorizing the secondary private securities offer in compliance with securities rules.

24. A method as claimed in claim 1 wherein the web page is a broadcast channel web page transmitting the private information in a multimedia format.

25. A method of providing private information from a server over a network comprising:

providing a user license agreement and the private offering information on the server;

at a client, accessing the user license agreement, completing the user license agreement to the server, and forwarding the completed user license agreement to the server requesting access to the private information; and

from the user license agreement, assuring authorized access; and

downloading the private offering information from the server to the client.

26. A method as claimed in claim 25 wherein the private information includes at least one of a private offering, secondary private securities offer, and licensing information.

27. A method as claimed in claim 25 wherein assuring authorized access includes precluding access by an unaccredited investor in violation of securities rules.

28. A method as claimed in claim 25 wherein assuring authorized access includes precluding access from an unauthorized client device.

29. A method as claimed in claim 25 further comprising, from the user license agreement, assuring authorized use of the private information.

30. A method as claimed in claim 29 wherein assuring authorized use includes precluding the use of the private information in violation of securities rules.

31. A method as claimed in claim 29 wherein assuring authorized use includes precluding at least one of redistribution, republication and retransmission of private information.

32. A method as claimed in claim 29 wherein assuring authorized use includes precluding at least one of copying and printing of private information.

33. A method as claimed in claim 25 wherein the user license agreement form includes an accreditation confirmation statement having information on securities rules.

34. A method as claimed in claim 25 wherein the user license agreement includes securities transaction terms.

35. A method of providing private information from a server over a network comprising:

providing private information on the server;

at a client, requesting the private information;

authorizing a password for the client and returning a cookie from the server to the client linked to a client device to provide access to the private information with the password from only that client device; and

downloading the private information from the server to the client.

36. A method as claimed in claim 35 wherein the cookie being scripted to expire after a selected time by the server.

37. A method as claimed in claim 35 wherein the cookie being scripted to be crumbled at the client'"'"'s request to access the private information.

38. A method as claimed in claim 35 further comprising, at the server, flagging the password to preclude the use of the password in a second login process.

39. A method as claimed in claim 35 further comprising accessing the cookie at the client to authorize access to the private information.

40. A method as claimed in claim 35 wherein the private information includes at least one of a private offering, secondary private securities offering and licensing information.

41. A method of providing private information from a server over the Internet comprising:

providing private information on the server;

at a client, requesting the private information;

from the server, transmitting a message instructing the client device to preclude unauthorized use of the private information; and

downloading the private information from the server to the client.

42. A method as claimed in claim 41 further comprising, accessing a cookie at the client to authorize access to the private information.

43. A method as claimed in claim 41 wherein the private information includes at least one of a private offering of securities and licensing information.

44. A method as claimed in claim 41 wherein the unauthorized use includes at least one of copying, caching and printing of the private information.

45. A method as claimed in claim 41 wherein the unauthorized use includes at least one of redistribution, republication and retransmission of the private information.

46. A method as claimed in claim 41 wherein the message includes opening a second browser window displaying the private information.

47. A method as claimed in claim 46 wherein the second browser window is in a manner free of providing a print option.

48. A method as claimed in claim 46 wherein the second browser window is in a manner free of providing access to the address of the displayed page.

49. A method as claimed in claim 41 wherein the message includes blocking caching of the private information.

50. A method as claimed in claim 41 wherein the message includes validating a browser on the client device.

51. A method as claimed in claim 41 wherein the message includes disabling key functions of the client device.

52. A method as claimed in claim 51 wherein the key functions are performed by a keyboard.

53. A method of providing private information from a server over the Internet comprising:

providing private information on the server;

at a client, requesting the private information;

from the server, returning a cookie to the client linked to a client device to provide access to the private information with a password from only that client device, and transmitting a message instructing the client device to preclude unauthorized use of the private information; and

downloading the private information from the server to the client.

54. A method as claimed in claim 53 further comprising, at a client, accessing a user license agreement form, completing the user license agreement form to the server, and forwarding the completed user license agreement form to the server assuring authorized access.

55. A method as claimed in claim 53 wherein the private information is a private offering.

56. A method as claimed in claim 53 further comprising, at the client, sending a request to purchase securities of the private offering, at the server, receiving the request and processing a transaction of securities.

57. A method as claimed in claim 53 further comprising assuring compliance with securities rules.

58. A method of processing a private securities transaction comprising:

providing a private securities offer form on the server;

at a client, accessing the private securities offer form from the server, completing the private securities offer, and forwarding the completed private securities offer form to the server; and

from the private securities offer form, authorizing private securities offer in compliance with securities rules.

59. A method of processing a private securities transaction comprising:

providing a plurality of private securities offers and a purchase request form on the server;

at a client, accessing the plurality of private securities offers form from the server, accessing the purchase request form, completing the purchase request form, and forwarding the purchase request form to the server;

at the server, receiving the purchase request form and processing the purchase request form in compliance with securities rules.

60. A system for private information delivery over a network, comprising:

a plurality of sources;

a database for storing a plurality of private information, each item of private information produced by and received from one of the plurality of sources;

at least one client linked to a client device; and

a server connected to the database and the at least one client over the network, the server comprising;

a user interface to receive a request for access to private information; and

a processor processing the request and transmitting a message instructing the client device to preclude unauthorized use of the private information.

61. A system of claim 60 wherein the message further instructs the client device to preclude unauthorized access of the private information.

62. The system of claim 60 wherein the private information includes at least one of a private offering, secondary private securities offering and licensing information.

63. A server in a private financial information network comprising:

means for connecting to a database storing the private financial information;

means for receiving a request to the private financial information from a client linked to a client device;

means for controlling unauthorized access to the private information; and

means for forwarding the private information from the database to the client.

64. The server of claim 63 further comprising means for transmitting a cookie to the client device to provide access to the offering information from only that client device;

65. The server of claim 63 further comprising means for controlling unauthorized use of the private information.

66. The server of claim 63 wherein means for controlling authorized access includes confirming accreditation in accordance with the securities law.

67. The server of claim 63 wherein means for controlling authorized access includes forming a user license agreement with the client.

68. A system for processing a private securities transaction over a network comprising:

a plurality of authorized users;

a database for storing a plurality of private securities offers, each item of offers produced by and received from one of the plurality of authorized users;

a server connected to the database and at least one authorized user over the network, the server comprising;

a user interface to receive a purchase request from the at least one authorized user;

an access control to preclude unauthorized access to private securities offers; and

a processor for processing the purchase request by accepting at least one offer from the plurality of offers in the database.

69. The system of claim 68 further comprising a use control to preclude unauthorized use of private securities offers.