Cohousing-L Mailing List: Re: getting money up front

[vandeist (vandeist]

Oops.  I thought that it was Lancaster, PA.

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From: "Matt Lawrence" <matt [at] technoronin.com>
Sent: Monday, February 08, 2010 5:26 PM
To: "Cohousing-L" <cohousing-l [at] cohousing.org>
Subject: Re: [C-L]_ getting money up front

> On Mon, 8 Feb 2010, vandeist [at] msn.com wrote:
>
> > By pulling your money, have you violated any Security & Exchange 
> > Commission
> > (SEC) regulations?  If people without a history together pool their 
> > funds,
> > the SEC interprets that as a security.  Did your group members have an
> > extensive personal/business history with one another?  Are you an LLC or
> > incorporated?  Did you create a security?  Please tell.  We have avoided
> > pulling our funds, because we're new to one another as a group and didn't
> > want to run afoul of the SEC.  Now we're considering creating a security.
> > Van Deist    Venice, FL
>
> Why should they care?  They aren't governed by American laws, this is a
> Cohousing group in the UK.
>
> -- Matt
> It's not what I know that counts.
> It's what I can remember in time to use.
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