I have all of my information sent to the SEC as do hindreds of us.  

Minkow gave his approval, according to copies of the correspondence that he provided to The Inquirer.Since finishing his most recent prison stint for fraud and other offenses in 2018, Minkow has established a side business of researching companies he suspects of malfeasance and reporting them to the SEC as a whistle-blower.

@Josh LemonsThey have a regulation A offering which is open to accredited and non accredited investorsThe great thing is they have to submit their offering circular and have it qualified by SEC as well as submit financial information etc.All this means is the information is readily available and if you do not understand it then I recommend engaging an attorney who can interpret it.

If the club has even one passive member, it may be issuing securities.When does an investment club have to register with the SEC as an investment company?

What is asked above could be easily looked at by the SEC as breaking the law.

We have to register with the SEC as offering unregistered securities.

He's an expert and comes with the forms etc for the deal and he has packages covering getting SEC registered which I recommend so you can advertise.Prior to registering with at least your state SEC as a borrower you can't borrow from strangers or advertise even from a website.

Never an issue with the SEC as they are in the company.

Then, of course, if a license is required, RE or appraisal or SEC as requirements you'll need to meet those specialty requirements as well.

And yes I am familiar with required registration with Sec as Reg D.