Many UK companies have words like:
"The Company's shares may not, directly or indirectly, be offered or sold within the United States, Canada, Australia or Japan ....."
I am currently sitting in the USA and want to trade some shares over the internet with my UK based broker.
Who's law might I be breaking ?
Could I potentially end up like the people involved in the on-line gambling fiasco ?
You would not be contravening the sentence you quote. The shares would be sold in the UK.
I doubt that you would be contravening any law anywhere. The point about this is probably something to do with Sarbanes-Oxley, which would affect the companies, not you.
I think that exclusion applies when the company involved trades their shares in a foreign market. Are you actually buying the shares or are you spread betting/trading CFD's? Don't you have enough opportunities in the USA? :)
Various US laws which you might ask in a USA legal group.
Quite possibly.
Peter Crosland
Buying shares.
I am a brit on a business trip....
Rubbish.
They might be actually sold in the UK, although even that is not clear.
They would certainly have been offered in the US.
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