I Want to Start a Signal Selling Website

R1234 · Nov 21, 2006

I want to start a website where I sell ETF timing signals to the general public for some monthly or yearly fee.

What type of regulatory registrations would I need for this (if any)???

I have seen other signal selling websites that apparently do not have any SEC registrations.

El OchoCinco · Nov 21, 2006

Are you not making enough money trading the signals yourself?

Truff · Nov 21, 2006

Quote from sysre:

I want to start a website where I sell ETF timing signals to the general public for some monthly or yearly fee.

What type of regulatory registrations would I need for this (if any)???

I have seen other signal selling websites that apparently do not have any SEC registrations.

if you are not registered then you are not regulated. keep in mind you can still be investigated for false claims or any other issue and be sanctioned for it.

walterjennings · Nov 21, 2006

Quote from Truff:

if you are not registered then you are not regulated. keep in mind you can still be investigated for false claims or any other issue and be sanctioned for it.

would'nt a thick EULA prevent him from being investigated if the signals lead to unhappy clients?

zdreg · Nov 21, 2006

does EULA stand for European Lime Association?

walterjennings · Nov 21, 2006

Quote from zdreg:

does EULA stand for European Lime Association?

sometimes. its end user licence agreement. it basically prevents software makers from being sued if someone does anything bad with their software or if they lose money because of it.

Wayne Gibbous · Nov 21, 2006

How could you compete with The Gorilla???!!!

Don't forget Rolling Stocks!! It's EASY!!!

And just buy the Same Stock Again and Again and RETIRE EARLY!!

Truff · Nov 21, 2006

Quote from walterjennings:

sometimes. its end user licence agreement. it basically prevents software makers from being sued if someone does anything bad with their software or if they lose money because of it.

t Thats something different. If you commit any type of fraudulous actions on your site, that is enough to have you investigated.

traderdon56 · Nov 21, 2006

Quote from Truff:

t Thats something different. If you commit any type of fraudulous actions on your site, that is enough to have you investigated.

There is/was an options signal site called Terry's Tips that was shut down in mid 2005 for such activity. It had to do with the false claims he was making about his auto-trading service.

http://www.sec.gov/litigation/litreleases/2006/lr19725.htm

http://www.sec.gov/litigation/litreleases/lr19291.htm

Truff · Nov 21, 2006

Quote from traderdon56:

There is/was an options signal site called Terry's Tips that was shut down in mid 2005 for such activity. It had to do with the false claims he was making about his auto-trading service.

http://www.sec.gov/litigation/litreleases/2006/lr19725.htm

http://www.sec.gov/litigation/litreleases/lr19291.htm

Yes, there are many other cases like that as well.