US Energy Initiatives Corp (USEI)

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The SEC may be interested in current USEI events.

Reg FD and Rule 17(b) come to mind.

The relevant text of Rule 17(b) (page 56) is as follows:

“It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.”

Reg FD = Full disclosure to EVERYONE (no selective disclosure).

Subject to certain limited exceptions, the rules generally prohibit public companies from disclosing previously nonpublic, material information to certain parties unless the information is distributed to the public first or simultaneously.