PA Racing Commission Investigating AMAC SEC Charges Coming

[Inside The Track]

AMAC'S Racing Fraud About To Be Exposed. Screwed Over The Wrong Shareholders. Reports Pa Racing Commission Investigating Recent Sales Of Horses. SEC Charges Coming And IRS Involved. This Is America AMAC Not Canada. We Been Posting For Months That AMAC  And The Stable Are Not In Compliance With SEC Regulations. They Took Down Al Capone For Less.

[SwankToliverA]

AMAC'S Racing Fraud About To Be Exposed. Screwed Over The Wrong Shareholders. Reports Pa Racing Commission Investigating Recent Sales Of Horses. SEC Charges Coming And IRS Involved. This Is America AMAC Not Canada. We Been Posting For Months That AMAC  And The Stable Are Not In Compliance With SEC Regulations. They Took Down Al Capone For Less.

Good 

[Any1Left]

This is horrible news as today i found out about the carrot industry and this could break many farmers,,,,,,,,,,  This industry today is based on hay and oats and carrots,,,,,,,,,, Amac is like a dollar store as he got rich one dollar at a time,,,,,,,,,,,,AMAZING

[sfdecoy]

Next, they should investigate the drive his ugly brother put on with GasLight Hall in the 5th

He deserves days for that stiff job

[RANDOLPH POKER]

Andy Miller is his brother?

[TimTimTimbo]

I call bullshit as far as SEC goes. This is a hobby for most not an investment

SEC Involvement:
Securities Laws Compliance:

Investment Contracts: If the fractional ownership arrangement is structured in a way that resembles an investment contract (i.e., it involves pooling funds with the expectation of profits primarily from the efforts of others), it could fall under the SEC's jurisdiction. This is particularly relevant if the arrangement is marketed as an investment opportunity rather than just a hobby or shared ownership experience.
Regulation D or Other Exemptions: If the fractional ownership is considered a security, the offering may need to comply with SEC regulations, such as those related to Regulation D (which provides exemptions from registration for certain private offerings) or other relevant regulations.
Disclosure and Transparency:

If fractional ownership is classified as a security, the entity offering the shares might be required to provide specific disclosures and adhere to transparency standards to protect investors. This includes providing information about the risks involved, the management of the horse, and any potential returns.
Fraud Prevention:

The SEC also plays a role in preventing fraud and ensuring that investors are not misled. If there are fraudulent practices or deceptive marketing in fractional ownership offerings, the SEC can take action.
Other Regulatory Bodies:
State Regulations: In addition to the SEC, state regulators might have rules that affect fractional ownership, particularly concerning gambling and investment practices.
Racing Authorities: Organizations like the Jockey Club or other horse racing regulatory bodies often have their own rules and guidelines for ownership and racing operations.
In summary, while the SEC might not be directly involved in all aspects of horse racing fractional

[Brown jug]

al capone..really??
he was a known bootlegger, gangster and murderer
and yes they caught him on tax evasion
thats the comparison ??

[Harness racer]

It's a business for AMAC and he is the one who would be charged with defrauding the shareholders.  Hobby or not for most, AMAC would be the one accused of stealing/misleading them.  I'm not so sure it will happen, but I do think it would be possible.

[PLOP PLOP FIZZ FIZZ]

Is the op the guy who facebooked about a disagreement with the handling of a horse at the meadows.

[The Exporter]

al capone..really??
he was a known bootlegger, gangster and murderer
and yes they caught him on tax evasion
thats the comparison ??

Putting Al in prison for less , is the comparison. But, you that.

[London]

Only a matter of time this fraudster goes down..been cheating people for years..sells horses under the owners nose and pays them nothing..actually the only ones making money are the USTA and STBRDCA..cause all the owners still need to be licensed.

[Albatross77]

I hope a horse kicks him

[Albatross77]

His videos are like the Griswolds going to Wally World. He lures you in like he’s a great family guy but he’s a stone cold fraudster.

[Brown jug]

mr albatross, sounds like you got stung in the sting??

[Mazola]

mr albatross, sounds like you got stung in the sting??

More like a disgruntled ex shit shoveler is my guess. Not many investors posting negative shit. Just jealous horse people.