Happy to jump in and explain that one to since I have followed this closely.
FUSU
claims to have signed agreements in place with two registrars, EURODns being one of them. Those agreements supposedly dictate that EuroDNS would notify FUSU of any changes to domains in the FUSU program.
As you are all aware, registrars will only contact domain owners about domain issues. When asked about this, FUSU glossed over how this will happen, and didn't respond with any solid reasoning other then they would be notified of ALL domain changes.
Since the only contact made is to the contact information in the domain, that could only mean that there is a stipulation that some part of the contact owners information is changed to FUSU. Like the email adress.
And as you are all also aware, if you have the email address as yours you can ask for password reset via that email. Which means that this slovakian company would have complete access to your domain and could conceivable take it away at any time.
Further, when asked directly about this, they refused to answer the question of how other then this they would be contacted and did not deny that they would ask for contact information to be changed.
ICANN rules are pretty clear on one other thing as well. The only contact information for a domain is restricted to the domain owners. If you have ANY part of your contact information wrong, then you are in violation of TOS, and subject to loosing your domain.
FUSU has made it very clear they will ONLY do business with people who transfer the domains to one of the two European registrars. So if you have your names at godaddy, then you can't participate.
Finally, even though they have been asked, they have refused flatly to provide proof that these registrars have even remotely agreed to these ICANN acredidation violations. Beware that if EuroDNS or the other one, if they were to participate, would be in violation of the domain contact restrictions in place for their accredidation. Which I seriously doubt any registrar would do.
NWDomains said:
Is there a difference in selling some shares of equity compared to all shares of equity under SEC ruling?
Fusu and their issues aside, what is the difference under US SEC rules? If you sell a domain, you actually sell the 100% rights of using a name you don't own and only lease. What makes it different to do that with part of a domain?
I clearly don't have the legal understanding of all of this but there must be some ruling around this or is the domain world mad and illegal?
No, as long as you are selling
any equity shares of anything in the us, you are bound.
While the SEC probably wouldn't look at this, they could, and then you might be legally liable.
Let's say you lease an apartment. You can't sell the bedroom to a third party giving them ownership rights. You didn't have them to sell in the first place.
