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A question for some one who knows trading laws: Would it be legal for facebook to spam everyone's time line with ads that essentially say: "Get an e-trade acco
by csmeder 14y ago
A question for some one who knows trading laws:
Would it be legal for facebook to spam everyone's time line with ads that essentially say: "Get an e-trade account today and buy a piece of facebook! For the first time ever you can own part of facebook! Click here"
I am not saying this would be a good thing (a bunch of uniformed investors speculating and boosting the price), however I am curious would it be legal?
- tedunangst 14y agoI've never seen a legit advertisement for a stock, so that should tell you something. If it's legal, there'd be so much disclosure required it would not look like an ad.
- JumpCrisscross 14y agoNo - Facebook is not a broker-dealer and do cannot market securities. Further, there are other disclosures that must be fulfilled before retail investors can be marketed to. This is only taking US residents into account.