Friends and Family account limitations?

Thank for the advice.

What dont you understand?

 

What is an FF account, and what are you proposing to do with an app??

 

Friends and Family account. My friend will give access to his computer with remote desktop (Windows 10 and 11 have this feature) so I can trade using TWS or another on his computer.

 

The $$ limit used to include yours. As for family, no problem. As for "friend"... you need to show an existing relationship... hang out, play sports with, attends your orgies... you know, something like that.

Reference NFA/FINRA regs on this.

 

I can't propose to suggest what might be accepted by the regulators.

 

I can show some photos together... and them some non orgies related....

 

Well, you have a logistics concern... do you manage each individual account or are the funds comingled? Comingling customer funds is always a big issue/red flag to the regulators.... not to mention the admin paperwork.

 

At first, I will manage only his funds. When I grow, then I will setup a Fund in BVI or similar.

 

Nothing makes a buddy like a shared orgy, right?

 

If you're managing only one friend's account and he gives you power of attorney to do so, then you likely have no truck with the regulators.

GL