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To: TheStockFairy who wrote (82584)3/20/2001 2:35:35 AM
From: Ilaine  Read Replies (1) | Respond to of 436258
 
The only securities which are unregulated by the SEC, as far as I know, are either sold interstate, or else not sold to the public.

It doesn't matter what type of security you're selling, if it's interstate and it's to the public, you better talk to a securities lawyer. This is one of those Don't Pass Go, Go Directly To Jail type of things.