No more Pokershare for Americans

Jessica1 · #1 11-01-2005, 09:09 PM

UB feel that the PokerShare model contravenes certain SEC rules...that's the issue...or at least part of it

aaronk56 · #2 11-01-2005, 10:45 PM

I signed up for it but wondered if they were violating the Securites Act. Apparently they were.

BillFranklin · #3 11-01-2005, 10:52 PM

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I signed up for it but wondered if they were violating the Securites Act. Apparently they were.

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Not famaliar with financial laws. Can you explain? thanks..

jdd12 · #4 11-01-2005, 10:56 PM

[ QUOTE ]
[ QUOTE ]
I signed up for it but wondered if they were violating the Securites Act. Apparently they were.

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Not famaliar with financial laws. Can you explain? thanks..

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I would like to second this request, if someone has the time.

#5 11-02-2005, 12:13 AM

Please see my post a little lower. In my personal view, I think this is probably an interpretation by someone in power at either UB or PokerShare that the offering of "shares" to US customers without having the business registered with the SEC as a foreign issuer violates the US Securities laws, in short.

R