Post
Topic
Board Securities
Re: DPS - Don't Panic Sell - BitFunder Passtrough-ish Service
by
pedrog
on 11/10/2013, 13:11:03 UTC
You haven't actually specified you are not offering this service to those in the United States (your intentions to not break rules are not enough), making you a Foreign Broker-Dealer. Therefore you are already breaking the law by not registering with the SEC.

http://www.sec.gov/divisions/marketreg/bdguide.htm

I assure you I'm following my country's law, and I'm not a broker.

Quote
the states law have no power outside the states
Tell that to Julian Assange or Kim Dotcom.

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I just find it funny to read how you think the states control the world...
They try to at least.  Wink

Lots of places have regulations surrounding securities brokering, it's likely they're breaking laws in their own country also.

But they're a small operation and probably won't be caught. Law breaking is a non-issue compared to trust.

Really?!

You are comparing me managing a few shares to Julian Assange and Kim Dotcom, seriously?

Well not like I would expect someone who starts sentence with "rofl" to know any better but you must be blind. There were at least hundreds examples where US did exactly that. For example http://en.wikipedia.org/wiki/Black_Friday_%282011%29 .

Again, Pokerstars? Full Tilt?!

And people are bringing up US law, I'm not targeting US citizens, I just offered to hold shares for people who cannot get verified, I'm going to do that for a friend of mine, who is my neighbor!

I'm not sending money to any foreign country, I'll send the coins to the blockchain, who has the private keys I don't care!

US citizens should follow their country's laws, as I do with mines!