Timeline for Could my app take deposits from and execute stock trades for others but using my own brokerage account?
Current License: CC BY-SA 4.0
10 events
| when toggle format | what | by | license | comment | |
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| Jun 6, 2019 at 16:09 | vote | accept | bobbbbby | ||
| Jun 6, 2019 at 16:06 | comment | added | Pete B. | I think you would be better served implementing an MVP, and pitching it to various brokers. Most brokers have all kinds of add on features and use those features to capture users from other brokers. If it is truly innovative, this could be an easy sell. | |
| Jun 6, 2019 at 15:24 | history | edited | Chris W. Rea | CC BY-SA 4.0 |
edited title
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| Jun 6, 2019 at 15:18 | history | edited | Chris W. Rea | CC BY-SA 4.0 |
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| Jun 6, 2019 at 15:15 | answer | added | Chris W. Rea | timeline score: 3 | |
| Jun 6, 2019 at 14:57 | comment | added | bobbbbby | The application wouldn't make any trades for users without them explicitly selecting which securities they want to buy. So I'm assuming since the application won't be making any financial decisions on behave of the users I wouldn't need any licenses like a CFA or something right? There are features I'm building into the application that would make it different from directly dealing with a broker. | |
| Jun 6, 2019 at 14:46 | comment | added | Bob Baerker | Why would anyone with an ounce of sense deposit money with you? At best, if any of this is legit and you had appropriate licenses, you could have discretionary approval to make trades in their account(s). | |
| Jun 6, 2019 at 14:31 | comment | added | Pete B. | Why wouldn't they go directly to the broker? | |
| Jun 6, 2019 at 14:30 | review | First posts | |||
| Jun 6, 2019 at 14:30 | |||||
| Jun 6, 2019 at 14:29 | history | asked | bobbbbby | CC BY-SA 4.0 |