A chief emphasis of UBF is on religious liberty and church/state issues. The "unregistered" in its title reflects its view that the IRS has no legal or Biblical role in monitoring the affairs of churches. Thus, in its view churches should not "register" with the IRS as a means of gaining 501(c)(3) tax-exempt status; in their opinion, a church that does so has "compromised with the world".
UBF has no officers, mission board nor headquarters, and owns no property, but maintains a mailing address in Indianapolis, Indiana. UBF encourages state and regional meetings, and in addition holds an annual meeting (usually in Indianapolis). Each meeting is directed under the authority of the host church, with the host pastor serving as moderator, and having the responsibility for inviting speakers. UBF's quarterly newsletter, The Trumpet, is published by the Indianapolis Baptist Temple, which serves as its unofficial "host church".
Prominent pastors in the Fellowship include Greg J. Dixon (former pastor of IBT, which had a major battle with the IRS in the 1990s), Greg A. Dixon (current pastor of IBT, and son of Greg J. Dixon) and W. N. Otwell (an East Texas minister locally known for his battles with local governments).
FINRA FINES FIVE FIRMS $385,000 FOR SALE OF UNREGISTERED SECURITIES, OTHER VIOLATIONS RELATING TO PENNY STOCKS.
Apr 27, 2010; WASHINGTON, DC -- The following information was released by the Financial Industry Regulatory Authority (FINRA): The Financial...
FINRA Expels Barron Moore and Takes Disciplinary Actions Against Seven Individuals for Illegal Sales of Unregistered Penny Stocks
Sep 03, 2008; The Financial Industry Regulatory Authority issued the following news releases: The Financial Industry Regulatory Authority...