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Old 09-21-2006, 08:32 AM
Dept. of Justice Dept. of Justice is offline
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Join Date: Aug 2006
Posts: 4
Default Re: Agile Business on the Web (long)

Thanks for the heads up Scorpion Man.

Mr. Now, a general solicitation for investors is illegal. One may not solicit an investment in the fund by any form of "general solicitation" or "general advertising." This includes any advertisement, article, notice or other communication published in any newspaper, magazine, the Internet or similar media or broadcast over television or radio, and any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.

Therefore, my brethren at the SEC would likely find this post to be illegal.

In order for it not to be a "general solicitation" you must have had a pre-existing relationship with the investor you are soliciting, and you must contact them individually to determine their interest. The fact that you initiated this with a general solicitation to determine interest likely makes this whole scheme illegal.
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