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The entity in this case won't necessarily be a typical securities "holding" company. Legally, it may be the owner of the securities. It's possible to make it v
by jqpabc123 2y ago
The entity in this case won't necessarily be a typical securities "holding" company. Legally, it may be the owner of the securities.
It's possible to make it very difficult to prove who ultimately controls the company.
- giantg2 2y agoSure, people can lie and commit fraud regardless of the law. The corporate transparency act requires certain reporting of "beneficial ownership".
- jqpabc123 2y agoThe corporate transparency act doesn't apply outside the country. Anyone in the world can legally buy US securities. Obscuring ownership and control can be done perfectly legal.
- giantg2 2y ago"Anyone in the world can legally buy US securities." Assuming you aren't sanctioned. "Obscuring ownership and control can be done perfectly legal." Exception the tax fraud part...