Re: Global Film Fund
Hi Alin,
As I understand it, the SEC is interested in securities, including secured interest loans. If a loan is secured by inventory, investments, trading, or any other thing that generates revenue to pay back the loan with interest, then it is a secured interest loan. If a loan is unsecured, like at EBL, then it falls outside of the SEC jurisdication.
Note: I am not a lawyer and the above is only my opinion on the interpretation of the SEC laws. I am not responsible if you use my interpretation as your own opinion. Please do your own research.
JMO,
Sharon
P.S. I moved this to the closed program folder.
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