What national securities associations or exchanges are relevant when considering orders that could disqualify a party from Floyds 99?

According to the 2025 Floyds 99 Franchise Disclosure Document, specifically an addendum for the state of California, neither Floyds 99 nor any person listed in Item 2 of the disclosure document is subject to any effective order from a national securities association or exchange. These associations and exchanges are defined in the Securities Exchange Act of 1934, 15 U.S.C.A. 78a et seq. This relates to potential legal or regulatory issues that could disqualify individuals associated with the franchise.

For a prospective franchisee, this statement provides some assurance that the key people associated with Floyds 99 have not been barred from participating in the securities industry. The Securities Exchange Act of 1934 was created to govern securities transactions on the secondary market, after issue, ensuring greater financial transparency and accuracy and less fraud or manipulation. The Act also created the Securities and Exchange Commission (SEC).

However, it is important to note that this statement is limited to current orders. It does not address past orders or pending investigations. A prospective franchisee should conduct their own due diligence to assess the backgrounds of the individuals listed in Item 2 and determine if there are any potential risks. Item 2 of the FDD typically discloses the background and experience of the franchisor's key executives and decision-makers. Any legal or regulatory issues involving these individuals could impact the stability and reputation of the franchise system.

It is also important to remember that this disclosure is part of an addendum specific to California. While it provides some general information, franchisees in other states should check for similar disclosures or seek clarification from Floyds 99 regarding any potential disqualifying orders from securities associations or exchanges. This information helps potential franchisees evaluate the legal and ethical standing of the franchisor and its key personnel.