On the footer of the Wealth Generators website you’ll find the notice:
Wealth Generators LLC is a wholly owned subsidiary of Investview (OTC:INVU)
Investview is a Nevada corporation that actually operates out of Utah, run by Ryan Smith, Annette Raynor and Chad Miller and Mario Romano.
In light of our recent report on
Wealth Generators’ Crypto mining package investment offer
, the assertion is that Investview being registered with the SEC makes it kosher.
Today we dig into Investview’s SEC filings, in an attempt to answer whether Wealth Generators’ investment opportunities are indeed registered securities offerings.
As per a press-release issued by Investview, Wealth Generators launched Crypto on November 13th.
Looking at
Investview’s SEC filings
, their
last quarterly report
was filed on November 14th, the day after they launched Crypto.
According to the filing, Investview has recorded $5.9 million dollars in unaudited losses throughout the 2017 financial year (6 months).
Which is kind of ironic, seeing as
Wealth Generator’s whole schtick
is generating wealth for its affiliates.
Explanations for Investview’s losses include $1.1 million from “spin-off operations” and $2.7 million from “debt settlement”.
As of September 30th, 2017, here’s how Investview describe their Wealth Generators opportunity:
Through our wholly owned subsidiary, Wealth Generators, we provide research, education, and investment tools designed to assist the self-directed investor in successfully navigating the financial markets.
These services include research, trade alerts, and live trading rooms that include instruction in equities, options, FOREX, ETFs, binary options, and crowdfunding sector education.
In addition to trading tools and research, we also offer full education and software applications to assist the individual in debt reduction, increased savings, budgeting, and proper tax management.
Each product subscription includes a core set of trading tools/research along with the personal finance management suite enabling an individual complete access to the information necessary to cultivate and manage his or her financial situation.
Four packages are available through a monthly subscription that can be cancelled at any time at the discretion of the customer.
A unique component of the product marketing plan is the distribution method whereby all subscriptions are sold via current participating customers who choose to distribute and sell the services by participating in the bonus plan.
The bonus plan participation is purely optional but enables individuals to create an additional income stream to further support their personal financial goals and objectives.
Bearing in mind Wealth Generators didn’t launch Crypto until
after
this filing, it’s still a far cry from Randy Schrum’s promises of passive earnings through Equity:
The obvious question: How does a company claiming to generate a 300% ROI on just one of its offered affiliate subscriptions r
🤖 Quick Answer
Is Wealth Generators registered to offer securities through Investview?
Wealth Generators LLC is a subsidiary of Investview, a Nevada corporation. SEC filings indicate Investview's registration status, but there is distinction between parent company registration and specific securities offerings. Regulatory compliance for cryptocurrency investment packages requires separate documentation beyond parent company status.
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