Other - Business & Finance. What All Must I Do To Start A Stock Brokerage Company?
Other - Business & Finance. I Want To Know How To Do This Because I Have A Lot Of Knowledge On What To Do. But I I Only Know How To Buy From Stock Bro
Other Business Finance : What All Must I Do To Start A Stock Brokerage Company
I want to know how to do this because i have a lot of knowledge on what to do. but i i only know how to buy from stock brokers. so what must i do to buy and sell stock for coustomers with out having to use another brokerage firm. i think it would be kind of stupid for a broker to have to use another broker to buy stocks. ~~~ LostMystic ~~~
Best Answer To Other Business Finance Question
Remember that recommending stocks is a highly regulated industry and comes with a huge amount of legal and financial liability. You cannot just become a broker without having the appropriate capital, licenses, exchange seat, personnel, hardware and knowledge. I fear that your naivite means that you have not researched this too well. I warn you to not be so cavalier in your approach as it can cost you everything. If you are serious about becoming a "broker", perhaps there may be an alternative. If your country's regulations permit, it may be worthwhile to become a sub-broker or "remiser" - which allows you to act as a broker with some benefits of having the infrastructure of a bank behind you. If you live in the US, you are SOL.
All Answers To Other Business Finance Questions
Answer 1Remember that recommending stocks is a highly regulated industry and comes with a huge amount of legal and financial liability. You cannot just become a broker without having the appropriate capital, licenses, exchange seat, personnel, hardware and knowledge. I fear that your naivite means that you have not researched this too well. I warn you to not be so cavalier in your approach as it can cost you everything. If you are serious about becoming a "broker", perhaps there may be an alternative. If your country's regulations permit, it may be worthwhile to become a sub-broker or "remiser" - which allows you to act as a broker with some benefits of having the infrastructure of a bank behind you. If you live in the US, you are SOL.
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