" your point is all the investment banks or funds r not...

" your point is all the investment banks or funds r not trustworthy.,"

This is not my point.

You said your friend asked you to buy a share in a racehorse. Racehorses have been syndicated for a long time, with syndicates selling shares in the horse to fund the horse's breeding and racing. As someone with a 40 year association with thoroughbred syndicates, I can tell you they are an excellent method of funding the breeding and racing aspirations of the syndicate manager.

If your friend has a 'fund of syndicates', well good luck to him and those who 'invest' in his fund. All the best with your MEM investment.