Cascadia Investments (CDIV)

[anian]

Got a link for that investment club has to be registered as such so its combined activities can be monitored lie? I have one for my truth.
http://www.sec.gov/investor/pubs/invclub.htm
Investment clubs usually do not have to register, or register the offer and sale of their own membership interests, with the SEC. But since each investment club is unique, each club should decide if it needs to register and comply with securities laws.

When does an investment club have to register with the SEC as an investment company under the Investment Company Act of 1940?

An investment club must register with the SEC as an investment company under the Investment Company Act of 1940 if all of the following three conditions apply:

the club invests in securities,

The club issues membership interests that are securities (see above), and

The club is not able to rely on an exclusion from the definition of investment company.
For example, a "private investment company" may not need to register with the SEC. To qualify, an investment club

must not make, nor propose to make, a public offering of its securities, and

must not have more than 100 members.


http://www.sec.gov/investor/pubs/invclub.htm