Allstocks.com's Bulletin Board: Section 17 -- Fraudulent Interstate Transactions

This is topic Section 17 -- Fraudulent Interstate Transactions in forum General Investing Topics at Allstocks.com's Bulletin Board.

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Posted by Bob Frey on :

Everyone should read this:

Securities Act of 1933, Section 17
http://www.law.uc.edu/CCL/33Act/sec17.html

This thread will be dedicated to information published by paid promoters who have seen fit to ignore the disclosure rule.

Use of interstate commerce for purpose of offering for sale

It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.

I am seeing more and more these days.