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#305054 - 01/19/05 04:43 AM Offering Stock as Prize
Jan94 Offline
Platinum Poster
Joined: Mar 2001
Posts: 828
USA
Our bank is going to conduct an essay writing contest for juniors in high school. First prize is 20 shares of company stock plus $100.00 cash. The contest is going to advertised in the newspaper. There's no mention of products, etc. so it seems pretty straight forward. However I am not sure about the stock. Is there anything we should be concerned about in offering the stock as a prize? Thank you.

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#305055 - 01/19/05 11:29 PM Re: Offering Stock as Prize
Sisyphus Offline
100 Club
Sisyphus
Joined: Jun 2004
Posts: 214
Connecticut
I suggest you check with counsel about SEC rules and State law.
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Michele A. Johnson, Compliance Manager Integrated Compliance Solutions, LLC

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#305056 - 01/20/05 01:16 AM Re: Offering Stock as Prize
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Rose it's always best to post in just one forum. You'll see answers in the other forum you posted this in.
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Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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