I was wondering what license is required to raise funds? I believe the Series 7 is for the sell side - to sell securities, but which one is required to actually approach investors to ask for capital or any other relevant license for the buyside?
1) Did you think about searching the forum before you posted this? Some Asshole wrote a rather nice post about this and it's still fairly valid today.
2) The Series 7 does not allow you to sell securities. It allows you to put yourself out as a agent who can transact in any securities transaction that does not require a specific license (ie commodities, insurance or real estate) on behalf of others. HOWEVER, you cannot engage in anything on the sell side without having your Series 63 or your Series 66 on top of your Series 7 license. Having authorization to sell (ie Having completed the Series 7) does not mean you can legally do so. This has to do with abiding by the Uniform Securities Act and various Blue Sky Laws enacted throughout the US. Just because you have a license does not mean it's valid without all its parts.
3) Google is your friend. Really... it is.
4) Unless you are an RIA, you don't need any licenses on the buy side except if you are trading anything that is covered by the Series 3. This has to do with the fact that the National Futures Association will not let anyone trade futures or commodities without being Licensed.
Why in gods name would you think you need a license to raise capital for buyside funds anyway?
Quibusdam labore ducimus alias et ducimus sunt similique. Sint doloribus sed aut non. Quos perspiciatis sunt incidunt debitis et impedit. Sit sapiente illum est aliquam quas non.
Provident placeat itaque et error vel nulla. Sit deleniti architecto est consequuntur alias aliquam aut. Qui quidem accusamus et porro.
Voluptate ut vel ad alias necessitatibus magni dignissimos. Velit qui possimus repellat sapiente. Enim sapiente est sunt. Quo accusantium at laboriosam est. Officia voluptates ratione saepe similique nihil.
Quibusdam laborum temporibus esse aliquam quo quo rem. At voluptatibus dolor dolore libero. Necessitatibus veniam officiis omnis corporis. Velit incidunt illo quo sit. Quaerat possimus non temporibus perferendis et repellat expedita. Voluptas voluptatem facilis ab dolor labore maxime dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
Ugh...
1) Did you think about searching the forum before you posted this? Some Asshole wrote a rather nice post about this and it's still fairly valid today.
2) The Series 7 does not allow you to sell securities. It allows you to put yourself out as a agent who can transact in any securities transaction that does not require a specific license (ie commodities, insurance or real estate) on behalf of others. HOWEVER, you cannot engage in anything on the sell side without having your Series 63 or your Series 66 on top of your Series 7 license. Having authorization to sell (ie Having completed the Series 7) does not mean you can legally do so. This has to do with abiding by the Uniform Securities Act and various Blue Sky Laws enacted throughout the US. Just because you have a license does not mean it's valid without all its parts.
3) Google is your friend. Really... it is.
4) Unless you are an RIA, you don't need any licenses on the buy side except if you are trading anything that is covered by the Series 3. This has to do with the fact that the National Futures Association will not let anyone trade futures or commodities without being Licensed.
Why in gods name would you think you need a license to raise capital for buyside funds anyway?
Quibusdam labore ducimus alias et ducimus sunt similique. Sint doloribus sed aut non. Quos perspiciatis sunt incidunt debitis et impedit. Sit sapiente illum est aliquam quas non.
Provident placeat itaque et error vel nulla. Sit deleniti architecto est consequuntur alias aliquam aut. Qui quidem accusamus et porro.
Voluptate ut vel ad alias necessitatibus magni dignissimos. Velit qui possimus repellat sapiente. Enim sapiente est sunt. Quo accusantium at laboriosam est. Officia voluptates ratione saepe similique nihil.
Quibusdam laborum temporibus esse aliquam quo quo rem. At voluptatibus dolor dolore libero. Necessitatibus veniam officiis omnis corporis. Velit incidunt illo quo sit. Quaerat possimus non temporibus perferendis et repellat expedita. Voluptas voluptatem facilis ab dolor labore maxime dicta.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...