I work in finance. If you are "advising" clients your firm must be registered as a broker dealer or a retail investment adivosry with both Finra & the sec. Any employees must be licensed by Finra Series 7 & 63 for advisers, series 99 for general operations. You also must be finger printed. Your firm has to report all the trades using an order trail system. There are also annual audits by Finra. All this info is publicly available on the finra broker check web site. Im sure being in DC has helps the grifters by pass everything that is legally required.
I work in finance. If you are "advising" clients your firm must be registered as a broker dealer or a retail investment adivosry with both Finra & the sec. Any employees must be licensed by Finra Series 7 & 63 for advisers, series 99 for general operations. You also must be finger printed. Your firm has to report all the trades using an order trail system. There are also annual audits by Finra. All this info is publicly available on the finra broker check web site. Im sure being in DC has helps the grifters by pass everything that is legally required.