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Does a private investor require to be licensed? |
Does a private investor require to be licensed? It is a federal thing mostly, but there are also state requirements. Essentially, the test is this--are you investing your money or someone else's? I know that there is a small number threshold for clients and character of participation. Some convicted brokers have a small (important word) list of people that they advise and are thereby able to work without a license, which they wouldn't be able to get because of their convictions on insider trading, etc. Contact a brokerage firm or the sec.gov website for the rules. It depends on the state. Not usually. depends upon state you wish to practice in. Check with attorney generals office of your home state as to requirements.. your local law enforcement agency may know or send you in right direction yes i hope so No. |
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