Quote from: prophetx on September 24, 2013, 12:39:44 AM

watching...

i thought that owning stock is legal as is person to person transfer of ownership (if you have a physical certificate), however the solicitation and exchange part is regulated

would love to get it straight from a securities lawyer, and one familiar with the new crowd fund rules (though they haven't been actually put together by the SEC?)

I just read up on it Today, the crowdfunding portion of the law has not yet taken effect, when it does you will still have to do some minor things, but then you can legally solicit investments to unaccredited investors. As of right now only accredited investors can invest, also given the fact that the US Supreme court, recently classified it as pretty much money, it is governed by SEC securities rules.

Santori, Can you expound upon then what would happen once the crowdfunding rules do get approved, then pretty much soliciting on here for securities to unaccredited investors would be fine correct?