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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: barbara sperino who wrote (38311)	6/18/1999 11:24:00 AM
From: wonk	Read Replies (1) \| Respond to of 43774

B. Small Business Rulemaking 1. Rule 504 of Regulation D Rule 504 provides an exemption from Securities Act registration when non-reporting issuers make securities offerings that do not exceed an aggregate annual amount of $1 million. As currently crafted, Rule 504: allows for the sale to an unlimited number of persons; permits general solicitation or advertising to market the securities; and allows purchasers to receive securities that are not "restricted." Purchasers may resell their securities in an open market without registration or other sales limits imposed on privately placed securities. These offerings are not reviewed by the Commission, but are subject to the antifraud and other civil liability provisions of the federal securities laws as well as the requirement to file a Form D with the Commission 15 days after the first sale. State securities regulation plays an important role in the oversight of these transactions. sec.gov