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As a general rule, shares in a "fund" can only be offered / sold to US
residents by the so-called issuer, if the fund is registered with the SEC.
This has been the law for many years and to limit exposure, most foreign banks
/ investment companies, etc. now require your confirmation that you are not a
US resident to avoid potential liability.
However, you can retain a broker to purchase the shares of a foreign fund on
the secondary market, provided there is one and your broker is willing to
execute the order.
I hope this helps, if not, please feel free to call me.
Admitted only in California and Zurich
Palmer & Dodge LLP
111 Huntington Avenue at Prudential Center
Boston, MA 02199-7613
Direct Tel # ++1 (617) 239-0678
Main # ++1 (617) 239-0100 Fax # ++1 (617) 227-4420
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Received on Tue Jan 06 2004 - 15:05:19 PST