[Chambo]

Same thing happened to YSC and they came out on top. You take risks in biz and federal regulators love to cause serious problems its how they get their headlines and try and prove they are doing their "jobs"

What a nightmare I hope and am sure everyone will stay strong over there and this will pass. Unanticipated regulatory enforcement actions are intrusive and unpleasant but it was the SEC not the FBI and this is something you can work passed potentially. I for one hope they do.

What the SEC and Dept of Finance has been angling for is that syndication through multiple sources, ESPECIALLY individuals, constitutes a sale of securities to unsophisticated investors. Once you have enough "investors" tallied, you need to register as a investment fund & are therefore bound by their rules and regulations. Write these agencies off if you want, but they will keep coming, and then join forces with local DAs....until they get you