Stocks Options Futures
How to trade stocks for people?
Say, i have two-three friends willing to give me their money to trade stocks-options-futures for them. Should i open a corporate trading account for that or i may use my personal account? Where can i read about that? Is there any law/act regulating that kind of activity in US?
In many States, if you charge a fee for the service, you must be licensed.
Just to keep your hands clean,:
You’d best open a separate account for the purpose, and keep
good records of who contributes what and when.
Get letters of agreement specifying what you are going to do, how you
intend to share any profits, and that they are aware of the risks involved.
(You do know that futures & options open you to risks greater than the
amount of your investment right?)