tugboat, how does the hefty copy 'n' paste project you undertook support your point?
Fairshare is not a fund, which was the point we were discussing. There is no "sharing of profits on a per-share basis" ( #reply-6692575 ). It does not offer shares. It does not compute a net asset value for its holdings. It does not have holdings. It is simply a self-churning vehicle compensating members for gathering members, who in turn gather more members who in turn… In other words, a Pyramid Scheme. Furthermore, the company's own lit' make much mention of future or intended services. Do they currently provide any services, other than issuing your commission check?
Would suggest you read Fairshare's T&C (which you should have done before signing up). It seperated in two sections, both of which are in this link: fairshare.ebgi.com
From the first section:
4.· Fair$hare is not licensed as a securities broker, investment fund or investment advisor, nor does it intend, at this time, to operate in ways that require it to become a licensed or regulated entity.
From the second section:
3.· Participants agree to make no statement, claim or warranty not in the Company's printed materials or on its Web site.
9.· Violation of any of the terms of this Agreement or the Company's policies and procedures may result in the termination of this compensation agreement and forfeiture of all subsequent compensation that is otherwise due.
10.· I understand that the Company is not, and does not act in the capacity of, a broker-dealer, underwriter, financial advisor or other financial service provider and will not represent anything to the contrary.
You're in luck, though—the 'big guys' at Fair$hare probably don't read this thread much. |
