<html><body><div dir="auto">Craig,</div><div dir="auto">Yes, corporate stock is always a security under federal law and, I believe, Washington law as well. There are exemptions from the registration requirements, although not from the anti-fraud, i.e. disclosure requirements.</div><div dir="auto"><br></div><div dir="auto">So your cautionary approach is well-founded.</div><div dir="auto"><br></div><div dir="auto">Bob Pampell </div><div id="ms-outlook-mobile-signature" dir="auto"><div><br></div>Sent from my One+6T Phone (Android)</div><div dir="auto" id="mail-editor-reference-message-container"><br><hr style="display:inline-block;width:98%"><div id="divRplyFwdMsg" style="font-size: 11pt;"><strong>From:</strong> wsbarp-bounces@lists.wsbarppt.com <wsbarp-bounces@lists.wsbarppt.com> on behalf of Craig Gourley <craig@glgmail.com><br><strong>Sent:</strong> Wednesday, February 5, 2025 7:31:14 AM<br><strong>To:</strong> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br><strong>Subject:</strong> [WSBARP] Securities question<br></div><br>
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<p class="MsoNormal" style="margin: 0in; font-size: 11pt; font-family: Aptos, sans-serif;">Listmates, we have a client with an existing ( I believe new) corporation that wants to bring in another person. This person would “ buy in” with a contribution to capital. I am not a securities guy but my intuition says this is a
securities transaction and full of liability for both the client and the attorney that facilitates this. Thoughts? Thanks, Craig
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