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The S.E.C. investigated on suspicions that the transaction was conducted on the basis of insider information, a potential crime, but dropped the investigation in 1993, saying that "at this time no enforcement action is contemplated".
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Each transaction is conducted away from regulators' prying eyes.
But when the transaction is conducted from behind a computer, which removes the ability for a car dealer to see the customer, the negotiation changes.
If a prospective buyer is interested in a site that appears on NameMedia's network, the transaction is conducted on one of the company's marketplace sites, like BuyDomains.com or Afternic.com, and NameMedia collects a commission.
Mr. Edelen says no, because these transactions are conducted in kind, not in cash.
Famiglietti added that the transactions were conducted "lawfully" and that Paddock passed an F.B.I. background check.
Many of those transactions are conducted online on sites like Craigslist and sublet.com.
All transactions are conducted in euros though it is not in the EU or the eurozone.
As in many other European countries, transactions are conducted by notaries.
A special committee of outside directors is investigating whether the transactions were conducted "solely to increase the company's revenues".
But many executives say the big savings may come from changing the way transactions are conducted, especially sales and leases.
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