How can one find out if the financial advisor they are working with, has a stockbroker license?
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Answer:
As pointed out, it is easy to see if they are legit. But much harder to see if they actually know anything! What are they recomending? Is it right for you? Long term, short term. Does their company own any shares.and if they do: are they buying or selling.would be a few of the questions I'd ask.and then, I would want to know if they(personally) had any money in the recomended, and if not, why,(keep in mind there are good reasons not to be invested)...but why are they selling to you? (unless of course, you guide so much business their way, they have to give $ kudos... and most of all.'what's your cut?' (not to say they don't earn it, but you would still want to know how they will benefit..these are questions the pros would ask.;-)
ASK TO SEE THERE LICENSE
If they are honest and above board, they will not hesitate to show you their license. Get the number and check on them. An honest broker will welcome you checking.
Brokers have to pass an exam called the Series 7 and maintain their license with the NASD. As part of this license, the NASD requires that they be employed by a registered broker-dealer that complies with trading rules and regulations. You should be able to ask your broker for the compliance contact for his office or check the NASD website: http://www.nasd.com/investorinformation/... Click on "Check out brokers & advisers"
Hi:
I am Vishal from "Satco Securities", promoted by the Satguru Group and a member of the bse, nse and mcx.
Satco Securities is headed by our CEO - Shri Gerela, who is MA LL.b, CAiib. Prior to joining SATCO as chief executive officer, he has worked in senior positions with reserve bank of india (rbi), securities and exchange board of india (sebi) and stock exchange, mumbai (bse) for over 4 decades. He provides all our clients research based delivery tips which have very good returns in the short n the long run. On a regular basis, we also provide intraday calls, as and when we receive them from our senior research analysts.
We take the pleasure of inviting all retail investors to start doing business with us on a mutually beneficial basis. We are also open for business franchisee in terms of M.A. or sub-brokership.
Please do feel free to get in touch with us via our relationship manager - Mr. Vishalsinh Varma - 9821800321 for further details in Bombay.
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