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Originally Posted by Republicaninmass
Wheres Dpeck? How can these guys be selling unsecured " investments" with no license, private placement memorandum, etc. Seems like a whole lotta good ideas, poorly executed .
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I am generally in favor of what PWCC is doing in the hobby but the only thing so far that has me scratching my head is this.
I am not certain how they can be giving investment advice on cards and treating them like securities and not have some form of oversight.
There were a lot of people trying to do similar with the crypo currency market and the SEC stepped in.
In a thread on CU we discussed this and one thing that stuck out to me was when a person using their advisory service was quoted as saying Brent told me not to bid on that card and wait for another one. To me this is just like a realtor saying don't bid on the house I am selling. When you agree to sell someone's trading cards you are obligated to them and to try and achieve the best selling price. I find this scenario as a major conflict of interest and something I believe needs to be more well thought out.
I will just add I don't know Brady Hill personally but if anyone follows high level collectors at all the guy is a whale.