5 ms·
Your reference says they are illegal only on regulated markets in the US.
by syrrim 5y ago
Your reference says they are illegal only on regulated markets in the US.
- arcticbull 5y agoRegulation S requires US persons no matter where they live to only trade at SEC regulated exchanges. [1] So broadly speaking it applies to all US persons - residents and citizens regardless of place of residency. I suspect accredited investors can do as they please though, but that's only a guess. [1] https://www.law.cornell.edu/cfr/text/17/230.903 https://www.law.cornell.edu/cfr/text/17/230.903
- SideburnsOfDoom 5y ago> they are illegal only on regulated markets How on earth would your take-away from that be that be "oh, in that case it's perfectly legal on all the _unregulated_ markets" ? That not how regulation works, at all.
- herbst 5y agoBecause literally the far majority of the world is what you call 'unregulated' just because US people are excluded does not at all make this illegal for anyone else.