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US citizens can own shares in a foreign public company. That company can sell shares. There's nothing the SEC can really get mad about here.
by david927 15y ago
US citizens can own shares in a foreign public company. That company can sell shares. There's nothing the SEC can really get mad about here.
- prodigal_erik 15y agoThe SEC can bring felony charges against individuals offering unregistered securities, not just penalize a corporate entity that created the shares. As I understand it, it doesn't even matter whether the securities actually are shares of a corporation, or just some similar enough instrument. Before doing this, I would make very sure either the foreign corporation or the foreign market meet exemptions well defended in case law.
- david927 15y agoindividuals offering unregistered securities These are fully registered securities. It's legal.