Neither Ivest, nor Inequity has filed as a fund with the SEC. Both are scams. Even Asher, a low level scum fund files with the SEC. While nobody likes Asher, at least they file.
Scam, Scam, Scam, Scam, all day long, everything is a scam. Why do these entities fail to file? Because they scam. Hide under the radar. Well, SK3 picked them up on the radar. Too bad SK3 cannot be 12(j)d But they will have their day.