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Posted By: warshawlaw

But when a business offers the general public a chance to buy into a pool of investment items, I think you are securitizing the investment items and it has to be registered under local and possibly Federal securities laws. Totally different than a bunch of people deciding to acquire an item as co-owners. And, if you were to form a business entity to own an item, you'd have to register it with the state under either its securities laws or an exemption to them.