Need License?

Discussion in 'Automated Trading' started by intelligentsoft, Jul 25, 2009.

  1. I created an automated model that can give pretty good returns, but don't have the capital required to get started. I have considered selling my trade commands as a service to those who have the capital, perhaps via Interactive Brokers (I would their account information on my Trade Workstation), but am concerned that by selling my model's trade commands I would fall under the category of a securities dealer or financial planner and need a license. What do you think? Do you have any sites I could visit that could give direction on the subject?

    Thanks in advance,

    -Intelligent Software
  2. erbronni