It's a fine line. You can certainly create an investment club privately amongst a group of friends or coworkers and create an LLC where every person is a partner and has an equal share. That seems perfectly legal to me but soliciting investment on Instagram and offering a market for partners to sell shares externally seems questionable. 

Also when you get into holding assets like golf courses, real estate etc that are not passive investments I think you are also delving into potential issues. Maybe not but if they had a real diverse group of holdings it looks a lot more like an asset manager than an investment club. 

grayruby

😂😂😂😂 I was thinking that very thing how is the even legal 😆😆

BlokchainB

Stacker_Stocks

Bitcoin investment trusts ($1M sat buy in)

Hey it's Jor. My nostr buddy from Canada who loves golf. Unexpected. 

Jor was supposed to do some golf posts for the territory but he never did. 

Busy with other things I guess.

This is pretty cool but I am fairly sure it is illegal. Haha