Recent content by clerk

We would take any trust agreement that appears to have been validly executed (we are not lawyers and won't look into it). Here in California, we can get in alot of trouble for not accepting otherwise-valid documents.

Working at an introducing broker-dealer, I have opened many trust accounts at many custodial brokers with no issues. Just have the right supporting documentation (pages from trust agreement/declaration stating the name of the trust, the settlors, and the trustees; the page stating the date of...

+1

+1 for the Rational Rose reference

I'm hoping Robert Green chimes in here

You forget, that nobody here really trades for a living, they do so for a hobby. If the OP worked in the US with a 7 & 63 it is unlikely he is trading for a living anyway.

you're probably better of using google http://www.fsa.gov.uk/smallfirms/your_firm_type/financial/pdf/rdr_quals.pdf than listening to misinformation from the morons here

Through the end of this year, the Series 7 gets you half way there. (but, not all the way there)

There are several issues that you should consider when choosing a place in the United States to do business. 1) Access to competent, responsive, and inexpensive regulators 2) Taxes - both the cost of compliance and the tax-expense itself 3) Inexpensive and easy County+city business licensing...

emk622 for setting up the fund manager, take a look at ria-in-a-box. For drafting the fund offering document, get a referral from Robert Green, who lurks here.

Since you are drawing up your own disclosure documents, have you figured out how you plan to explain the conflict between your duty to seek best execution for your client, and your need for hand-holding from an FCM?

Eagle and IB

It is not rocket science. Clearly, you need to have your KYC paperwork in order, and your banker/broker needs to have experience opening institutional accounts. There is going to be a learning curve for both you and your banker/broker. Interactive Brokers, Fidelity, and PenFed, for instance...

There is no longer an exemption under federal law for advisors of a few accounts. The exemption only applies when all clients are private funds (with no limit of client#). Yes, IB will facilitate you charging fees to 5 accounts that need not be private funds, but it would be unlawful for you to...

I have a friend who drives a gypsy/livery cab he hasn't had any problems. He can't get E&O insurance because he isn't licensed. And he wont have a problem, until he has a problem. You know what I mean? I have a friend who grows weed in his garage. He does not take any deductions for the...