Familial exemption for investment advisor representative
posted 3 years ago
My parents have asked me to trade on their behalf. They offered me a fraction of any profit and my plan is to set up a limited trade agreement and then manage the account's trades.
Before implementing this, I wish to make sure that I will not act in violation of any regulations.
I believe that I do not need a Series 7 license because this is for immediate family, would I also be exempt from registering as an IAR?
All parties and trading accounts are based in the US.
- Commercial and Business Law
- Banking and Financial
- Family Law