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Peternam

Registered: Aug 2010
Posts: 571

08-22-12 01:28 PM

Suppose I live in France and trade as money manager for a person from the UK, where do I need to be licensed ?

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Ripley

Registered: Aug 2004
Posts: 2063

08-22-12 02:48 PM

You need to be licensed and regulated in both the UK (FSA) and France. Maybe in New York as well if you're trading NYSE (FINRA) listed stocks.

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canuck

Registered: Nov 2001
Posts: 158

08-22-12 03:06 PM

don't forget about the 'great' taxes in France... why not move to a low tax jurisdiction? set-up in Gibraltar etc...

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BradTheTrader

Registered: Aug 2012
Posts: 10

08-22-12 03:09 PM

Quote from Peternam:

Suppose I live in France and trade as money manager for a person from the UK, where do I need to be licensed ?

as a trader you can live anywhere you want. Not sure why you are staying in france.

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Peternam

Registered: Aug 2010
Posts: 571

08-22-12 03:45 PM

Quote from BradTheTrader:

as a trader you can live anywhere you want. Not sure why you are staying in france.

not living in France , just wanted to know about licensing requirements.

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Peternam

Registered: Aug 2010
Posts: 571

08-22-12 03:46 PM

Quote from Ripley:

You need to be licensed and regulated in both the UK (FSA) and France. Maybe in New York as well if you're trading NYSE (FINRA) listed stocks.

Based on what you say this ? Have been in the money management business ?

Even when you trade in an unregulated market like forex ?

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