Quote:
Originally Posted by Azoy?
Legendary Lars Stocks and him putting up information about stocks as well as what can be seen as investment advice is illigela unless he is registered as a signed investment adviser.
What he wrote as "I feel that the brand is under priced and I know that many people are interested in buying this company it will eventually get taken out or taken public. There is too much money floating around for it not to be."
This can be seen by the SEC as well as local state investment regulators as investment advice.
At one point he even goes to say "Now I just need to get PLA rocking , I have a feeling we will see 14 before we see 9" and
"Ok people here is my next fun time I am accumulating PRVT at 2 bucks anyway I think this is similar to playboy has been beaten down upside 4 bucks dowside 1.50"
this thread ---> http://www.gfy.com/fucking-around-and-business-discussion/719266-legendary-lars-stocks.html
Should actually be taken down.
Then again I guess there is no money in AFF anymore as memberships went down due to Zango not stealing traffic for them so he's become a stock pusher. |
I have my Series 7, Series 66 and Series 31 Licenses. It is not against SEC regulations to give tips to people online. Look at all of the Yahoo Finance message boards...and these are coming from people without Licenses. If you make money (aka work for an investment firm like ML, MS, Smith Barney, etc.) and give advice to professional clients, then YES you do need a license. Either way, you also need to disclose what your holdings are if you are making recommendations. Hope this helps.
