Quote:
Originally Posted by thepiper
Definitly not legal in the US. Private placements are subject to the Securities at of 1933. He is "widely-marketing" non registered securities which certainly doesn't fall under the safe-harbor rule 144. At minimum there isn't even a private placement memorandum, just a paypal money now button.
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I don't think he really gives a fuck what the US's stand is on the idea, since he isn't based there (and doesn't process).