Originally posted by echo
Silly question I suppose, but why would you want to do that? I don't see any reason to have a license unless you are trading/working at a place that requires one. Maybe to try and convince the tax man that you really do have a right to file under trader status? I don't think it would influence the IRS that much as they care more about what you do than what you say you do.
Good Question...About 15 years ago, I had this fancy notion that I wanted to be a stock broker. After interviewing with several firms, I came to realize that working for a firm meant a
70/30 split on the commissions. For every $100 I generated, they get $70, I get $30. And what did the firm provide? A metal desk, a phone, and a phone book! So, after saying thanks but, no-thanks, I found that if you worked as an Independent out of your home(I also had a desk, phone, and phone book) the commission
split went a little more in your favor. In my case it was 80/20. I keep $80, the firm got $20. So, that's why I went independent. I was actually working as a stock broker at the time, I wasn't trying to fool anybody. But, I've since quit the broker business and am no longer licensed,but that was how I got mine. I'm not sure why flymarbles wants to get licensed, and he may think I'm totally out of my mind, but that's how I got mine.
