Yo Wally - Do I need to get licensed and register with the SEC and/or state of Texas (where i live) if I started my own website and provided daily stock picks for money? Will only provide general market commentary, long/short ideas with summary, some charts, etc etc. Prolly should consult a lawyer but just getting some feelers right now.
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Yo Wally - Do I need to get licensed and register with the SEC and/or state of Texas (where i live) if I started my own website and provided daily stock picks for money? Will only provide general market commentary, long/short ideas with summary, some charts, etc etc. Prolly should consult a lawyer but just getting some feelers right now.
Rules vary from state to state but if you are giving stock advice for a fee I would have to imagine there would be licenses you need and registration with the financial services agency in the state you live.
You could of course wing it and hope you dont get caught, but for sure selling financial services has implications from a regulatory perspective.
The lawyer idea is good..
Rules vary from state to state but if you are giving stock advice for a fee I would have to imagine there would be licenses you need and registration with the financial services agency in the state you live.
You could of course wing it and hope you dont get caught, but for sure selling financial services has implications from a regulatory perspective.
Cave - Are you going to go into Future and Forex too? I went to a trading school a few months ago. Took your INVN and study it hard and made some $$. Also took your HIMX and now I'm holding. I understand what the school has taught me and now I'm just sitting here waiting for the trend to go long for HIMX.
Cave - Are you going to go into Future and Forex too? I went to a trading school a few months ago. Took your INVN and study it hard and made some $$. Also took your HIMX and now I'm holding. I understand what the school has taught me and now I'm just sitting here waiting for the trend to go long for HIMX.
Wally - not sure I wanna take that chance of not being licensed. Sounds like bad business. I need this to be legit and grow the business slowly. PASA - to be honest, I don't remember HIMX. You sure that was me? SNTS and INVN were my recent picks ... at least for 2013. This market is looking pretty scary right now so i don't recommend going long. Best to play it safe and sit on the sidelines.
Wally - not sure I wanna take that chance of not being licensed. Sounds like bad business. I need this to be legit and grow the business slowly. PASA - to be honest, I don't remember HIMX. You sure that was me? SNTS and INVN were my recent picks ... at least for 2013. This market is looking pretty scary right now so i don't recommend going long. Best to play it safe and sit on the sidelines.
Cave, the market looks fine to me. It's basically what stock you pick for long or short. Most of use usually go long and that's how our brain thinks. But the professional go Long, Short, Sideway... etc. This is what I learn from the school. I'm not saying that I'm great at it, I understand and I've made my mistake already after the school. But I made smaller mistake then big ones. One thing they told us is always protect yourself by putting a stop. As for INVN, it's still looking good as in going long, but always put a stop just in case the trend change to short. As for HIMX, I believe it was in one of your post from the INVN. I believe that's also a good pick, for long.
Cave, the market looks fine to me. It's basically what stock you pick for long or short. Most of use usually go long and that's how our brain thinks. But the professional go Long, Short, Sideway... etc. This is what I learn from the school. I'm not saying that I'm great at it, I understand and I've made my mistake already after the school. But I made smaller mistake then big ones. One thing they told us is always protect yourself by putting a stop. As for INVN, it's still looking good as in going long, but always put a stop just in case the trend change to short. As for HIMX, I believe it was in one of your post from the INVN. I believe that's also a good pick, for long.
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