International Employee Stock Plans and the Federal Securities Laws

This Project Report surveys the U.S. federal securities laws applicable to offerings of securities through international employee plans. The Report analyzes both offerings by U.S. corporations to employees abroad and offerings by foreign corporations to employees located in the U.S. The Report also identifies current problems in the operation of the regulatory framework and makes recommendations for action by the SEC. The principal recommendation suggests a new registration form to facilitate offerings by foreign private issuers to employees in the U.S.