(Assignment )

 

There has been an interesting and somewhat disturbing trend of athletes and even common people selling stock in themselves as an alternative to traditional loans (see list of links at the bottom of this assignment).

However is it legal? Is it Ethical? What problems or questions may this create in society?

These are the questions you will answer in this assignment.

Specifically I want you to analyze each of the situations listed below in the links and Answer, FOR EACH SCENARIO, is it legal (if yes why if no why),  What laws govern this type of situation (list and BRIEFLY describe), According to these rules is it legal why yes, why no. Is it ethical (if yes why and if no why), and extend you reasoning to include possible societal ramifications.

In organizing the paper set it up so each scenario is separate and answers those questions.

***************** (Grouped as Scenario ONE)*****************

http://lifeinc.today.com/_news/2013/03/28/17501422-selling-yourself-publicly-traded-portland-man-lets-shareholders-run-his-life?lite

http://www.kmikeym.com/

***************** (Grouped as Scenario TWO)*****************

 

http://dealbook.nytimes.com/2013/10/17/want-a-piece-of-a-star-athlete-now-you-really-can-buy-one/?_php=true&_type=blogs&_r=0

http://www.seacoastonline.com/articles/20140326-BIZ-403260354

http://abclocal.go.com/wpvi/story?id=9475801

https://fantex.com/how-it-works

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Grouped as Scenario Three

http://money.cnn.com/2014/02/10/smallbusiness/upstart-invest/

http://www.nytimes.com/2013/07/20/your-money/unusual-student-loan-programs-link-to-future-earnings.html

http://www.economist.com/blogs/freeexchange/2012/04/education

Laws you may want to examine do your own research as well

https://www.sec.gov/about/laws.shtml

http://en.wikipedia.org/wiki/Securities_regulation_in_the_United_States

http://ncjolt.org/in-offering-stock-in-professional-athletes-fantex-has-legal-hurdles-to-clear/