Legal Question in Investment Law in Arizona
private investments
Is investing in private investment clubs prohibited by law in the state of Arizona?
Asked on 1/12/09, 9:42 am
1 Answer from Attorneys
Warren Markowitz
Warren R. Markowitz, Esq
Re: private investments
You will need to be more specific, in general private investments must be within state and federal statute in order to be exempt from registration.
If the club is a group of persons pooling their money to invest in the stock or commodities markets, there will be several issues before one can determine if the investment club is exempt from registration because it can easily fall under the Investment Company Act of 1940 if it isn't careful.
Answered on 1/12/09, 12:47 pm
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