Equity Trust Lawsuit

[Jon Crosby]

Greetings All, 

I was recently made aware of a class action lawsuit against Equity Trust (see link here) to which one of the more disturbing claims is, that if found guilty they would essentially be considered a NON-qualified retirement vehicle and potentially any investments or rollovers into ETC could be then considered a tax-able event.  

Before I go losing sleep on this thing, does anyone have any other info or professional legal interpretation of this suit and offer any insights? 

Thanks in advance! 

https://trustetc.com/jacobs-complaint