Typically they dont come after people arent the actual operator and GLBSE isnt a fraud it is winding down.
Obviously have to quote this for later, given your track record of deleting things.
Topic: [meh] (Read 1129 times)
I have explained the following numerous times in various places so here is how a bitcoin "stock market" can fit within the legal system.
A bitcoin pink sheets market is possible where a registered broker can sell to the public. Unregistered companies can't however sell their shares directly to the public.
http://www.sec.gov/divisions/marketreg/mrotc.shtml
Its not the fact glbse listed unregulated companies its the fact they didnt use a registered financial broker to sell them to people.
GLBSE could in fact register as a legal entity then have a broker to sell the companies.
Whether this is viable is another thing wrt finding an existing broker. You may also need a broker in each different country you operate in.
The other option is for a bitcoin company to list on the existing pink sheets market however you probably wont be able to buy the shares with bitcoin or receive bitcoin dividends unless a broker sets up some system to do so.
A bitcoin pink sheets market is possible where a registered broker can sell to the public. Unregistered companies can't however sell their shares directly to the public.
http://www.sec.gov/divisions/marketreg/mrotc.shtml
Quote
Most issuers do not meet the minimum listing requirements for trading on a national securities exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC
Its not the fact glbse listed unregulated companies its the fact they didnt use a registered financial broker to sell them to people.
GLBSE could in fact register as a legal entity then have a broker to sell the companies.
Whether this is viable is another thing wrt finding an existing broker. You may also need a broker in each different country you operate in.
The other option is for a bitcoin company to list on the existing pink sheets market however you probably wont be able to buy the shares with bitcoin or receive bitcoin dividends unless a broker sets up some system to do so.
Other than being one of the people that perpetuated the GLBSE fraud, what exact qualifications back this indubitably correct and well thought out plan you propose (in the sense all the other things you people did were correct and well thought out, of course)?
Typically they dont come after people arent the actual operator and GLBSE isnt a fraud it is winding down.
I have explained the following numerous times in various places so here is how a bitcoin "stock market" can fit within the legal system.
A bitcoin pink sheets market is possible where a registered broker can sell to the public. Unregistered companies can't however sell their shares directly to the public.
http://www.sec.gov/divisions/marketreg/mrotc.shtml
Its not the fact glbse listed unregulated companies its the fact they didnt use a registered financial broker to sell them to people.
GLBSE could in fact register as a legal entity then have a broker to sell the companies.
Whether this is viable is another thing wrt finding an existing broker. You may also need a broker in each different country you operate in.
The other option is for a bitcoin company to list on the existing pink sheets market however you probably wont be able to buy the shares with bitcoin or receive bitcoin dividends unless a broker sets up some system to do so.
A bitcoin pink sheets market is possible where a registered broker can sell to the public. Unregistered companies can't however sell their shares directly to the public.
http://www.sec.gov/divisions/marketreg/mrotc.shtml
Quote
Most issuers do not meet the minimum listing requirements for trading on a national securities exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC
Its not the fact glbse listed unregulated companies its the fact they didnt use a registered financial broker to sell them to people.
GLBSE could in fact register as a legal entity then have a broker to sell the companies.
Whether this is viable is another thing wrt finding an existing broker. You may also need a broker in each different country you operate in.
The other option is for a bitcoin company to list on the existing pink sheets market however you probably wont be able to buy the shares with bitcoin or receive bitcoin dividends unless a broker sets up some system to do so.
Other than being one of the people that perpetuated the GLBSE fraud, what exact qualifications back this indubitably correct and well thought out plan you propose (in the sense all the other things you people did were correct and well thought out, of course)?
Hmm, came across "persons that operate or control electronic or other platforms to trade securities;"
at http://www.sec.gov/divisions/marketreg/bdguide.htm
-MarkM-
at http://www.sec.gov/divisions/marketreg/bdguide.htm
-MarkM-
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