3 ms·
No, the issue is that it doesn't matter where you are based, if you offer securities to US persons, you have to abide by US securities laws. If you offer secur
by vasilipupkin 9y ago
No, the issue is that it doesn't matter where you are based, if you offer securities to US persons, you have to abide by US securities laws. If you offer securities to Germans, you have to abide by German laws.
- EGreg 9y agoI an not sure that is binding on the company. Can you find a source for it in US securities law or SEC memo?
- vasilipupkin 9y agohttps://www.sec.gov/about/offices/oia/oia_crossborder.shtml https://www.sec.gov/about/offices/oia/oia_crossborder.shtml
- EGreg 9y agohttps://www.sec.gov/rules/final/2008/34-58465.pdf https://www.sec.gov/rules/final/2008/34-58465.pdf
- vasilipupkin 9y agoSure, that refers to foreign issued equity securities listed on foreign exchanges as securities, not tokens claiming not to be securities
- EGreg 9y agoSo once they realize they are securities this applies? The main question is, are the exchanges considered foreign if the ICO is of a foreign company? How do you trade stuff if the securities are not transferrable? Perhaps the ICOs don't pass the Howey test!