Do you need to be licensed to give investment advice?
Curious about couple of things.
1.Say a person who lives in Canada wants to set up a membership site where tips are given in terms of investment opportunities, say, buy stock xyz at 1 and wait and sell it at 2, does this person have to be licensed?
2.I feel like this might require some license;
Do you need a license to invest other people's money? For instance, a guy says he can guarantee 3% yield/yr for deposits more than 10k , does this person require some sort of certificatation?
(not asking whether anybody would be interested, just legality)
Thanks.
1.Say a person who lives in Canada wants to set up a membership site where tips are given in terms of investment opportunities, say, buy stock xyz at 1 and wait and sell it at 2, does this person have to be licensed?
2.I feel like this might require some license;
Do you need a license to invest other people's money? For instance, a guy says he can guarantee 3% yield/yr for deposits more than 10k , does this person require some sort of certificatation?
(not asking whether anybody would be interested, just legality)
Thanks.