🏢 Onboarding as a Publicly Traded Company in Maroo
Publicly traded companies are required to provide information for both the business entity and the individual opening the Maroo account.
Only US public companies are entitled to be exempt from providing beneficial ownership information. Private subsidiaries of publicly traded companies with at least 51% equity interest held by a publicly traded entity on a US stock exchange may also qualify for exemption.
📋 Onboarding as a Publicly Traded Company
If you are setting up an account for a publicly traded company:
Submit your account application with the business structure “Other/I’m not sure.”
In the Business Representative section:
You are not required to provide your personal address, date of birth, or the last four digits of your SSN.
Instead, use your business address and input placeholder data (e.g.,
01-01-1970for date of birth,1111for SSN).
In the Business Owners section:
Press “Continue with no owners.”
Provide all other required company information.
📩 After Submitting Your Application
Once your account application has been submitted successfully, contact Maroo Support and provide:
Your company’s market ticker → Abbreviation denoting your stock on a US exchange (NYSE, NYSE American, or NASDAQ).
Validation of your affiliation with the company → A letter on company letterhead affirming your authorization to act on behalf of the business, signed by a representative other than the account owner.
The letterhead must include:
Letterhead name matching the Maroo account name
Account ID(s)
Business name(s)
Website URL(s)
Business address
Business Tax IDs
Account owner name
Account owner title
Once validated, your account’s business type will be updated to reflect its publicly traded status, and you will not be required to provide beneficial ownership information.
🏢 Private Subsidiaries of Publicly Traded Companies
If your company is not publicly traded but at least 51% of its common stock or equity interest is held by a publicly traded entity on a US stock exchange, you may also be exempt.
Follow the same onboarding instructions above, and when contacting Maroo Support, also provide:
Validation of ownership → This could be a public company filing, news article, or other publicly accessible documentation confirming the subsidiary relationship.
⚠️ Important Notes
Only US public companies and qualifying subsidiaries are exempt from beneficial ownership requirements.
All other company information must still be provided during onboarding.
Exemptions are validated by Maroo Support before being applied to your account.
📩 Need Help?
If you’re unsure about the onboarding process or what documentation to provide, our support team is here to help. Chat with us or email [email protected].