Domain Stock Exchange

[mtnman]

Are you a domain owner? List up to 45% of your domain on the public market and get immediate liquidity as investors buy in.

http://www.fusu.com/welcome_page

 

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[kurtyordy]

looks like a good idea, but the site needs some work. Also, I would have some fears as to who is gauranteeing that if I bought a share of the next google.com on this site that I would get paid. There are a lot of ways I can think of to circumvent the payout in the end. I would also wonder how they get around securities laws.

 

[mtnman]

I was wondering the same. I'm not sure if this is correct, but I believe the site went live today. Hopefully they will improve the site rather quickly.

 

[CarrieW]

its a private company as far as I can tell. I dont think that private comanies have to comply with securities laws. those are for the corporations who are listed in the stock exchanges no???

so unless they take the company public they are just using the term stock exchange...they arent really a new stock exchange in the way your thinking.

 

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[Corrado79]

its a private company as far as I can tell. I dont think that private comanies have to comply with securities laws. those are for the corporations who are listed in the stock exchanges no???

That is not entirely correct. You are thinking of certain SEC mandated disclosures. But here it looks like they are participating in the sale of what potentially could be called a security. Anybody selling a "security" has to comply with Federal regulations promulagated by the SEC, regardless if they are public or private entities.

Now, what they're selling may not be considered a security.

 

[kurtyordy]

from what I understand, depending on the number of offerings, and whether the offering is private or public is what determines whether the SEC is involved.

and if they are not securities, then why buy them.

 

[Corrado79]

from what I understand, depending on the number of offerings, and whether the offering is private or public is what determines whether the SEC is involved.

There are certain offerings that are exempt from certain SEC requirements, but whenever you are selling a security, the SEC is involved.

 

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[CarrieW]

they are calling them stocks. is a stock the same thing as a security??

 

[Corrado79]

It depends more on what it is (and how it's treated, etc.), rather than what it is called. By its definition, a security is a fungible, negotiable instrument representing financial value. Stocks, in the traditional sense, are almost always considered securities.