This content has been marked as final. Show 1 reply
There are many problems with doing this, and I am not a lawyer, so the first thing I would do is consult a licensed attorney before you proceed with any type of endeavor simliar to this. If you are near a law school many times they will offer free (pro bono) consultations for small businesses or the SBA in your area might be willing to help you out with this.
The SEC is really funny when it comes to selling stock, and if you don't do it in a certain manner, then you risk serious penalties. Additionally, hedge funds are very regulated, but you can find information on the SEC website. One other place to look is at the NASD, who I think would be the final say in hedge fund regulations. I seriously doubt that you could sell stock in any form on ebay and would caution you to make very sure that you are not violating any securities laws. The penalties are stiff, I know that some violations are automatic felonies with mandatory federal prison terms.