INVESTMENT CLUB VERSUS BROKER CAN I INVEST ON BEHALF OF OTHERS?

Okay, I am about to be the college student. I comprehend we have to pass the array examination to get the permit to be the broker. As i will be in college i do not have time to do the internship indispensable there. Can I form as well as investment bar as well as deposit upon interest of my friends? as well as if so am I authorised to take increase if i have them? Thanks

{ 1 comment… read it below or add one }

MVD34 August 19, 2010 at 4:30 am

You are moving into some dangerous waters here…I would say absolutely not.

Those laws are designed to protect (1) the industry from “unfair” competition, and (2) investors from “unlawful” activities. Given the Madoff disaster, I would bet a nickel the federal, state, and industry watch dogs will be on high alert for at least another 18 months.

If you organize an investment club, you must be very careful to run it as such…even if “one or two” members are seen as the experts by the rest of the club. Anything else and you might be setting yourself up for a hard fall.

Leave a Comment

Previous post:

Next post:

http://www.maxprofitsinvest.com