It’s unregistered
Unregistered investments refer to investments designed for wealthy and experienced investors, who know the hangs of the investment world by heart. If you’re an average investor and someone offers you an unregistered investment, think of it as a warning sign that that investment will not work for you the way you’d expect.
The main reason to avoid unregistered investments is that these are not regulated by the same laws and regulations and registered ones, therefore the investors are unprotected. “So unless you’re a professional investor, consider sticking to traditionally regulated securities,” Tresidder advises.