How does a US citizen buy London Stock?

[adioking]

Anybody know how to do it via the internet? Also, I don't think this would be illegal since it is controlled by a securities exchange, which is legal.

[ResIpsa]

any broker should be able to execute trades for you on a foreign exchange. You are welcome to buy whatever you want but as it is not registered with the SEC, you don't enjoy the protections that are provided for you under US law when you buy US registered securities.

[the27offsuit.com]

you can buy shares of party poker think it the U.S. version or the stock as pygmf on etrade

[adioking]

Originally Posted by ResIpsa

You are welcome to buy whatever you want but as it is not registered with the SEC, you don't enjoy the protections that are provided for you under US law when you buy US registered securities.

What do these protections entail and what would I be losing? Do I pick up any extra protections from the LSE that the US SE doesn't provide?

[tke1600]

I saw it listed for .82 cents US....is this what everyone else sees? I think that it would be a good buy especially when the "shock" of the new law dies down....

[ResIpsa]

Originally Posted by adioking

What do these protections entail and what would I be losing? Do I pick up any extra protections from the LSE that the US SE doesn't provide?

The US Securities laws are generally considered to be the strongest in the world. What this means for the investor is that companies are obligated to provide more information and disclosures in their filings. Additionally, there are more restrictions on the activitivies of insiders with respect to their personal stock sales.

I don't mean to suggest that UK security laws do not protect the investor, but compliance with US securitiies laws is generally a much greater burden on the company (which in theory is beneficial to the investor).

[the27offsuit.com]

Originally Posted by tke1600

I saw it listed for .82 cents US....is this what everyone else sees? I think that it would be a good buy especially when the "shock" of the new law dies down....

And how bout theshock when they release there 3rd and 4th quarter earnings and there 80% less then last year . In my opinion its going to drop to 30 cents by christmas unless the allow us players again

[PPP]

How about when they release figures showing they make $200,000 every single day, even after they stop taking American players. How much is a company worth that makes a profit of between 50 and 100 million dollars a year worth?

[hoursurfing]

Hell, partygaming will still make 3/4 mill a day. Before they were doing $3.5 mill a day.

[adioking]

$4 mill from what I heard.