I wish to deposit my own income along with alternative investors. I will keep half of any distinction over 4%. We will traffic usually stocks. What licenses do I need to do this?
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Series 6 and Series 7 licenses issued by the SEC.
If you don’t know the answer to that question, you really shouldn’t be trading other people’s money. I’m not saying that to be a jerk.
Check with your state securities regulator. Here is another resource:
http://www.nasaa.org/industry___regulatory_resources/investment_advisers/456.cfm
The best way to do it is to start an investment club and let everyone be an equal investor. They are usually set up as partnerships and it helps keep taxes and everything straight.
But if you want to do it your way and if its only a handful of people and you dont hold yourself out to be an investment advisor, you likely dont need any licenses. Contact FINRA at finra.org to find out.
Check with the Securities Exchange Commission (SEC).