Seriously though folks.....we can discuss this until we're blue in the face (and we probably will) but you still NEED to hire an attorney and have them explain the law and regulations to you and tell you what you need to do in order to comply.
Saying that "so and so from a message board told me this was ok" won't cut it in front of a judge, you need a lawyer that specializes in this industry, PERIOD.
You might want to wait until tomorrow to call one though, since these regs were published just a couple hours ago and they probably haven't had time to read them yet
