Bioelectronics Corp (BIEL)

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The SEC's oversight of PINK SHEETS is not the only governing body of BIEL. BioElectronics is still governed by many SEC rules and regulations, and as important, the State of Maryland.

BioElectronics was formed under the laws of the State of Maryland and is subject to all pertinent Maryland's laws and regulations. In addition, BioElectronics was formed via articles of incorporation and corporate bylaws. Each of these documents provides legal protection and assigns legal responsibilities to the corporate officers.

Regarding Federal Law: The Internal Revenue Service is another government entity to which BioElectronics must operate in full compliance.

There are nearly countless governing bodies to which BIEL must comply. For example, the Department of Labor enforces the following laws, including but not limited to FLSA, FICA, FUTA, Civil Rights Act, ADEA, ADA, FPRWORA, Immigration Reform, and Control Act, FMLA, USERRA, ACA and Executive Orders. Again, these are just some of the employment related laws.