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Tuesday, November 01, 2011 1:36:22 PM
Rule § 17(b) of the Securities Act of 1933, as amended (the “Securities Act”) which provides the disclosure requires for compensation for promoters. 17(b) provides that “"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."
However:
Like I said, the post you made was from an article, nay an advertizing editorial for a law firm http://www.securitieslaw.com/ and NOT from the SEC website - If you can prove me wrong I will find out and add the information to our disclaimer as well as post it here - No Problem.
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