jurisdictions. they matter and are freaking confusing to deal with regardless
If US shareholders have been effected then this is by default SEC territory. The US government is tireless in it's hunt for multimillion dollar fraudsters. International extradition warrents take a day to sort out and almost every country in the Western World has an agreement to uphold these extradition warrents.
no it's not. that is just utter bullshit. US is not world police. unless they can prove US citizens were TARGETED specifically than maybeeeeeeeee and that's a maybe. US shareholders can be affected by anything in the world a sneeze and a fart as well doesn't mean that gives US the reach to other jurisdictions.
Yeah, these people blathering on about the SEC and US laws. The company isn't in the U.S, It's founders aren't US Citizens.
Companies and people outside of the US don't need to comply with US laws. If it's actually a fraud, then obviously that will probably be illegal wherever they are. But there's no reason to assume that all countries have the same regulations about securities, in particular securities that are sold for things other then traditional money.
If you have something specific about HK law, Italian law, or whatever feel free to post it. But it isn't the case that everyone in the world needs to follow US law.
Not to take anyones side in this argument but this isnt correct. If you are providing service from wherever to US citizens US authorities will be interested.
Look what happened to online poker.