Registration Anyone considering such an offering should consult with an experienced securities attorney before engaging is such an offering.
Several limitations apply to all small offerings.
Even though some options provide the purchaser with unrestricted securities, as a practical matter no market exists for such securities and therefore the purchaser should realize that they may not be able to sell their investment easily, if at all. Sales commissions may not be paid to anyone for selling securities unless the salesperson is licensed for such activity with the New Mexico Securities Division. In addition, anyone considering a securities offering must keep in mind that both state and federal laws apply to all offerings. A compliance strategy for the state and federal laws must be developed and implemented before any offering is commenced. In the case of a corporation, its principal office and a majority of its full time employees must be located in New Mexico.