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.
With due respect, they'll almost certainly pass any information they gather about GLSBE on to their UK counterparts. And there's a very good chance that they'll look at whether GLSBE has broken any US laws (you don't have to be based in the US in order to break US laws). Never take the attitude of "she'll be right mate" once you're on the radar of a financial regulator or financial intelligence service of
any nation because there are so many mutual aid agreements between nations that your head would spin. If there's
any chance that US citizens are laundering money or evading taxes through your service, you're a potential target of both US investigators and those in the UK.