GLBSE is based in the UK and is subject to regulation by the Financial Services Authority (FSA), we are in the process of becoming a registered company that meets all conditions to carry on business.
We have not been contacted by the SEC and are not subject to SEC regulation.
Nefario.
I'm not so sure that is true

Why would it not be?
American regulatory agencies aren't exactly famous for respecting their jurisdiction when it comes to shutting down .com sites...
Is there a case where the
registrar was based outside the United States and the .com was shut down by the US Government? The best example to the contrary is thepiratebay.
org where the PIR registry is based in the United States but the registrar is not. GLBSE.com is not registered by a US based registrar.