How did a small lending firm in Newnan, Georgia become the financial nerve center of a political movement? And why did it take a total collapse before anyone stepped in?
That’s a great point. Do you know if the sale of those investment products without a Series 7 might raise specific legal issues under SEC rules - or would it depend on how the products were classified? I’m curious where the line is drawn between private notes and securities requiring a license.
I know absolutely nothing about the series 7. I really don’t know anything about financial products like this. I was recently told that you have to have a series 7 license in order to sell securities.
I worked for the national association of securities dealers (NASD) many years ago. I also passed the series 7 exam. My job as a compliance examiner was to go into security firms and do basically audits to make sure they were following standards. The NASD also sanctioned individual people when they did not follow the regulations.
First Liberty Building and Loan. Sounds like a bank, right? But it was not FDIC insured.
Brant Frost V sold an investment product. But he reportedly never received a securities sales license, called a Series 7.
That’s a great point. Do you know if the sale of those investment products without a Series 7 might raise specific legal issues under SEC rules - or would it depend on how the products were classified? I’m curious where the line is drawn between private notes and securities requiring a license.
I know absolutely nothing about the series 7. I really don’t know anything about financial products like this. I was recently told that you have to have a series 7 license in order to sell securities.
I worked for the national association of securities dealers (NASD) many years ago. I also passed the series 7 exam. My job as a compliance examiner was to go into security firms and do basically audits to make sure they were following standards. The NASD also sanctioned individual people when they did not follow the regulations.