If you were looking to pick up some Facebook stock from Goldman Sachs and you live inside the United States, too bad.  Goldman will not be offering Facebook stock to its US-based customers in an attempt to avoid legal entanglements with the Securities and Exchange Commission.  Goldman’s more prominent US customers are not pleased by this development, but given Goldman’s malfeasance over the last few years, they’re not taking any chances.

Citing Regulation D of the SEC rulebook, Goldman Sachs “concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law.”  Goldman’s statement further read that it “regrets the consequences of this decision, but we believe this is the most prudent path to take.”

Goldman’s not too broken up over the deal. Facebook is comfortable with foreign elements owning stock, as 70 percent of the social network’s user base is international.  Meanwhile, orders for stock are pouring into Goldman, with $4 worth of offers coming in for every $1 worth of shares.  Given the company’s projected growth, it’s a bargain at any price.

Tags: Goldman Sachs, Facebook, Facebook stock, Goldman Sachs to sell Facebook stock outside of the United States, Goldman Sachs to sell Facebook stock to foreign investors, Regulation D, SEC,  Securities and Exchange Commission, Facebook stock being sold outside of the US, Goldman Sachs Facebook stock sale

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