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I was asked to join an investment club, and a few of the things I heard did not make sense, after reading a few books and check on-line I still have some questions.
The person who asked me to join, said he would keep a share per 10 people who joined for managing the club, he was going to do all the research, and investing.
He did not mention anything about registering the club or protecting the members in any way.
From what I have researched this doesn't sound on the up and up to me, is this how investment clubs are run?

Not at all!!! This sounds like a good way to rip off the other "club" members. What he is proposing is very possibly in violation of his state's securities laws. If you're feeling civic-minded, you might want to contact your state's securities regulation office and speak with them.

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