Quote:
Originally Posted by bizaro86
Hmm...I thought once you've advertised publicly for money to be lent to you from more than one party that it became a securities transaction. I'm not a securities lawyer, so I'll leave it alone.
Personally, I'd want a letter from a securities lawyer at a big firm saying it was kosher before I invested. Others may have different risk tolerances.
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It doesn't work like that - it is not pooled at all. It is a one-on-one transaction between investor and lender facilitated by the legal team.