[ppml] Securities Act 15 U.S.C. 77b(a)(1)
jrhett at svcolo.com
Tue Mar 11 12:56:32 EDT 2008
michael.dillon at bt.com wrote:
>> To argue that an IP address meets that definition requires a
>> stretch of imagination that even lawyers can't handle. Only
>> network engineers are capable of that stretch.
> I didn't say that. We all know that IP addresses are not property and
> cannot be bought and sold. But now people are proposing that contracts,
> bearing the right to use certain IP addresses, can be bought and sold.
> That looks a lot like commodities contracts (which are promises of
> delivery) and some derivatives contracts and even things like
> re-insurance contracts.
Question: does my rental property fall under SEC regulation? No. And
I sell contracts to use that property.
Go back to your act and read it again. It clearly says a lot of words,
but the only direct nouns in play are clearly those representing
interest in monetary items *or* mineral rights. Interest in commodities
other than mineral rights are not included.
And please stop playing lawyer.
More information about the ARIN-PPML