U
unctarheel
Guest
I am interested in starting my own business. I have a background in accounting and stocks. At one time I had my Series 7 and 63 licenses, but
they have lapsed without incident. I would like information on what the requirements are for a bonded individual to be able to offer the general
public a set interest rate on their money for an agreed upon amount of time. In essence, it would be similar to a Certificate of Deposit with a bank with the bond and a promissary note acting as insurance. What type of stipulations would there
be on an ad offering this service? How can this legally be done without having to have a brokerage license? Please include any applicable
information that would concern this situation, especially in respect to a sole proprietorship.
I realize that to offer a security to anyone that one must be licensed and affiliated with a brokerage firm. What I would like to know is if I can structure a contract and advertisements so that it would be considered a personal loan instead of an
offering of a security? Or would there be a better way? I would be bonded to insure the customer's money against flight and would also sign a promissory note for the invested amount.
Thank you!!
they have lapsed without incident. I would like information on what the requirements are for a bonded individual to be able to offer the general
public a set interest rate on their money for an agreed upon amount of time. In essence, it would be similar to a Certificate of Deposit with a bank with the bond and a promissary note acting as insurance. What type of stipulations would there
be on an ad offering this service? How can this legally be done without having to have a brokerage license? Please include any applicable
information that would concern this situation, especially in respect to a sole proprietorship.
I realize that to offer a security to anyone that one must be licensed and affiliated with a brokerage firm. What I would like to know is if I can structure a contract and advertisements so that it would be considered a personal loan instead of an
offering of a security? Or would there be a better way? I would be bonded to insure the customer's money against flight and would also sign a promissory note for the invested amount.
Thank you!!