777-Up
I must agree with you, I think LIPS has the best interests of their members at heart however if one looks at it from the EPC point of view, LIPS is taking money from members "onshore" (in Dubai) for investment purposes without oversight from the Central Bank, which is a requirement to prevent the likes of EPI happening again.
They have the best intentions, but need to do it correctly, can you now see why EPC is concerned?