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no. why would any company issue illegal stock ? reg-s stock has been about since the 1930's. it's for non- U.S. citizens only. reg-s was brought about after the 30's crash. it was away of bringing money into the U.S. through reg-s, non- U.S. citizens could invest in the U.S. for first time. a discount was given on the reg-s stock to encourage investment. it's illegal for U.S. citizens to purchase because they would be taking advantage of the discounts without bringing in extra cash to the U.S. Microsoft was a reg-s stock in it's early days !!!

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Q: Are Reg S stock sales illegal?
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