Getting money from investors vs. trading their money in their own brokerage account

[ScalperJoe]

I'm the OP. Here is some more info:

Thanks for the suggestions. Trading directly on a brokerage account owned by the client sounds best so far.

I'm a non-US citizen, currently resident of Hong Kong.

I want to be able to charge performance/incentive fees, say 12% of the profits.

Do I need any special licenses to do this for non-US clients?

What about US clients?

If you're a non-US citizen residing in Hong Kong, and your clients are also non-US clients, then it's probably best to check with Hong Kong laws as the op suggested.

For US clients, you may want to ask the FINRA call center regarding licensing.

FINRA Call Center

Main FINRA Phone Number: (301) 590-6500

 

[butterfacetrader]

isnt it kinda sketchy asking money from friends and family?

I mean, if a friend or family came to me for money and asked that I invest in his 'hedge fund', I'd get a fishy feeling. I mean, unless he is already a legit hedge fund manager who has been doing it for ages, then maybe I'd give money to him to manage.