I have several oversea traders who are GOOD and I want to start a business where by people invest through me, and i let the traders do the trading, and then i pay back the investors. I guess a sorta investmetn company.
I want to form an LLC, but i was wondering the legalities of it, and if i can use my bank account to hold the funds during transfer (sort of like my own sort of escrow agent i guess).
Is there a way i can do this in the US or outside the US? Thanks,
2007-07-18 12:46:39 · 2 answers · asked by Richard A 1 in Business & Finance ➔ Investing
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2007-07-20 19:29:31 · answer #1 · answered by onaxy 1 · 0⤊ 0⤋
Unless you are small, less than 15 investors, you must register as an investment adviser with the SEC. If you are outside of the US you still do if you want to sell your services to US citizens.
2007-07-18 12:52:46 · answer #2 · answered by Ted 7 · 0⤊ 0⤋