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Ask HN: Are there Rules/Regulations for starting an Investment Company?
Are there any special rules, or regulations for starting an investment company in US or Canada? If so, could you post some info links?
- alttab 16y agoYes. Tons. Just ask Bernard Maddoff. Check out the SEC for more information. You will need an entire team of lawyers.
- captaincrunch 16y agoSo the likely hood of a start-up in investments, is pretty much out of reach. Was just thinking about how easy/hard it would be to take money from customers, invest it, and payout any profit. My friend has a guy who takes his money, and invests it for him (he's a private broker) - would this broker also need a team of lawyers? Or is he more of an accountant? In terms of everything else, I could give anyone $10k, and tell them to go across the street and buy mutual funds... with a written agreement to pay me the profits... couldn't I? Just trying to better understand...
- rada 16y agoAll brokers have Series 7: http://en.wikipedia.org/wiki/General_Securities_Representative_Exam http://en.wikipedia.org/wiki/General_Securities_Representati...
- captaincrunch 16y agoIf I wanted to do a High Frequency trading Startup, would I have to be self funded?