GSPartners’ latest ploy to disable investor accounts is KYC.

Despite not caring about KYC since it launched in 2020, GSPartners has advised investors they have until December 15th to comply.

Investors to who fail to provide GSPartners with photo ID and other personal documents, run the risk of their accounts being “temporarily suspended”.

As per the KYC notice shown to investors in their backoffice, US states that have taken regulatory action against GSPartners receive “priority on KYC”.

Thus far eleven US states have taken action against GSPartners;
Mississippi
, 
Florida
, 
Arizona
, 
New Hampshire
,
Arkansas
,
Wisconsin
,
Kentucky
,
California
, 
Washington
, 
Alabama 
and 
Texas
.

We’re not sure what the point of collecting KYC from these investors is, seeing as GSPartners is certified to be operating illegally in these states.

One possibility is GSPartners could be gearing up to disable investor accounts in US states that have taken securities fraud related enforcement actions.

Supporting this is GSPartners referring to these states as “closed territories”.

It should be noted that securities fraud is a federal crime in the US. Individual states taking GSPartners to task over securities fraud is reflective of violations of the Securities and Exchange Act at the federal level.

In other words if GSPartners is committing securities fraud in one US state, it’s committing securities fraud across all US states.

BehindMLM has previously confirmed
ongoing CFTC and SEC investigations into GSPartners
.

With GSPartners unlikely to register itself with the SEC and CFTC (doing so would require it to file periodic audited financial reports), it’s looking like GSPartners will likely disable US investor accounts at some point.

What that looks like on the money side of things remains to be seen. To date GSPartners has failed to address any of the securities fraud warnings it has received.

🤖 Quick Answer

What is GSPartners' new KYC compliance deadline?
GSPartners has set December 15th as the deadline for investors to provide Know Your Customer documentation, including photo identification and personal documents, to avoid temporary account suspension.

Which US states have taken regulatory action against GSPartners?
Eleven US states have initiated regulatory proceedings against GSPartners: Mississippi, Florida, Arizona, New Hampshire, Arkansas, Wisconsin, Kentucky, California, Washington, Alabama, and Texas.

How does GSPartners prioritize KYC compliance among investors?
According to GSPartners' KYC notice, investors from US states that have taken regulatory action against the company receive priority status in the KYC compliance process.

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