Chapter 32 Financial Licenses

In a sense, Ye Dongqing was a member of Wall Street before.

There is not only a shortage of securities traders, financial analysts, risk control managers, investment bank managers, etc., who have extremely high financial acumen, but also people like him, as well as barristers who only recognize money but not people, to help solve some difficult problems.

As the days went by, the secrets were not hidden, and he knew a lot of things that had happened or had not yet happened.

For example, Mr. Bernard Madoff, the current chairman of the NASDAQ, will be arrested in a few years for an illegal Ponzi scheme, and now he has started this kind of business, not long after it started, but Ye Dongqing is not sure for the time being, whether the other party is currently a legal business or an illegal business.

If the future doesn't change, it's easy to wait a few years patiently until Mr. Madoff is in the middle, and then extort hundreds of millions of dollars.

Unfortunately, if it weren't for the financial crisis and the fact that some investors wanted to withdraw billions of dollars from him, the Ponzi scheme would probably have survived.

If you mess up, you're a liar, but what if you don't, and you continue to bring a lot of money to investors? Who would be angry because they have a lot of money?

I'm not sure about anything else, when it comes to buying stocks and funds, Ye Dongqing is full of confidence at least in the next ten years!

He decided to start his own business, and if he wanted to get rich in a short period of time through normal channels, even if it was not easy for Ye Dongqing, he still had to find some way to take shortcuts and earn the first pot of gold alone, how could it be easy to directly take other people's money to make money for himself.

So, Ye Dongqing decided to solve the problem of "financial license" first.

The main reason why he rushed to Wall Street with Miss Laura today was for those few permits, which was a bit risky, but the profits were so big that he thought it was worth the risk.

In the United States, each industry has its own license, also known as a license.

If someone wants to work in the financial industry, sell investment products, or work as an investment consultant, they must pass an exam to obtain a license, but there are so many licenses for different types of securities that it is often confusing.

The same is true for starting a company, when it comes to many investment companies on Wall Street, we have to talk about the U.S. Securities and Exchange Commission (SEC), the official department is the agency that supervises the financial industry such as securities, brokers, funds, and banks in the United States, which aims to protect investors, promote the healthy development of the capital market and maintain market fairness, and will pass a series of bills to supervise and restrict various financial institutions.

Since the 1996 amendments, investment institutions with at least $25 million in assets under management, as well as shareholders of companies, have been required to register with the Commission. After the company registered with the SEC and passed the review and verification, it became a registered investment adviser (RIA), and the SEC scrutinized the RIA very strictly.

But now, he is desperate to pursue a career in the industry, and he doesn't want to wait until he slowly finishes his certification and accumulates millions of dollars in start-up capital before he starts.

In order to avoid getting into a lawsuit in the future and being sent to prison, it is necessary to get a legal financial license first, and then start a "Ponzi scheme", it is not appropriate to say that it is a scam, because as long as no one loses money, it is not called a fraud.

If you want to pick up a legitimate company with complete procedures for nothing, you must first pay a small price.

After drinking coffee, Laura stupidly followed Ye Dongqing for a few minutes, crossed the road, and came to a small company called "YPO", she didn't know what business this company was engaged in, there were only these three letters at the door.

I already feel that Ye Dongqing is crazy, and in Laura's opinion, it is impossible to buy a company without money!

promised to help him work, but the treatment, remuneration and other matters have not been discussed, and he is entangled in his heart, thinking about whether to quit and not accompany the young Chinese to continue to go crazy......

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Doing business requires a lot of information, and sometimes news equals wealth.

Many companies on Wall Street are engaged in the same role as middlemen, such as the well-known McKinsey & Company, Boston Consulting Group, and PricewaterhouseCoopers Consulting, which Ye Dongqing cannot afford to help at present.

YPO consulting company, which is very small in scale, specializes in serving small companies and individuals, is a little famous, medium and large enterprises do not look down on it, and is most suitable for Ye Dongqing, who does not have much money left in the account.

A few, a few computers, plus an office of about 60 square meters, can also be regarded as opening a company on Wall Street, like this small company Wall Street everywhere, rubbing the fame of Wall Street and business elites to make a little money, hoping to grow and develop one day. Batches of deaths, batches of people coming from everywhere, landlords don't have to worry about not having tenants at all.

Seeing Ye Dongqing walking in with Laura, dressed in a suit, she looked like she had a little money, no one cared if she was really rich, she just had to pay for it.

A middle-aged white male employee came to greet them and smiled: "Welcome, how can I help you?"

"I want you to help me gather intelligence, I want to buy a company on Wall Street, preferably one that is RIA, bankrupt, or close to bankrupt, a shell company, understand?"

Ye Dongqing is straight to the point, one provides services, the other needs services, it is purely a transaction, there is no need to sell it.

"Of course, it's not my first day on Wall Street, so how much do you expect to invest?" asked him, hoping to meet a rich second generation who doesn't know anything, so that he can increase his commission and make a lot of money.

"I haven't thought about it yet, you can just be in charge of giving the list, and I'll contact you myself for other things.

If you weren't afraid of trouble, you could find that information in the newspaper, and how long would it take?"

Afraid of being wronged, Ye Dongqing deliberately said vaguely, adding: "If the debt is less than one million US dollars, I will help repay the debt, it takes too much time to deal with the RIA procedures by myself, and I lack patience." By the way, I won't give you even a penny, deduct it from the other party's commission, how much money can be made from this business, it depends on your ability. ”

Consulting firms act as middlemen, making money on both sides.

Many "elites" who owe a lot of debt after a failed investment are eager to find funds to invest, even if they just get rid of the company and don't let themselves take on the debt. And how is it possible for a consulting company to offer a buyer without charging a benefit fee.

Laura doesn't understand the rules, and is thinking about whether the other party will knock him out of the door if he doesn't give money and let people do things.

Unexpectedly, after the middle-aged man was stunned for a moment, he actually smiled even more happily, and said: "I will never charge you commission! Give me an hour or two, and I will quickly help you find those unlucky people who are about to go bankrupt, and the price must be right......