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Non-qualified individual trading stocks for others

  • 22-09-2009 12:22pm
    #1
    markjbloggs
    Registered Users, Registered Users 2 Posts: 294 ✭✭


    Hi,

    what are the impediments to a private, financially non-qualified individual trading stocks for friends and family members? Is it legal to charge a comission? Does the Financial Services Regulator have a view on this practise?


Comments

  • #2
    Lexus1976
    Closed Accounts Posts: 702 ✭✭✭Lexus1976


    markjbloggs wrote: »
    Hi,

    what are the impediments to a private, financially non-qualified individual trading stocks for friends and family members? Is it legal to charge a comission? Does the Financial Services Regulator have a view on this practise?

    You already know the answer. Common sense!


  • #3
    MrMatisse
    Closed Accounts Posts: 1,743 ✭✭✭MrMatisse


    markjbloggs wrote: »
    Hi,

    what are the impediments to a private, financially non-qualified individual trading stocks for friends and family members? Is it legal to charge a comission? Does the Financial Services Regulator have a view on this practise?

    Totally illegal.


  • #4
    Time Magazine
    Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    Completely illegal, thankfully.


This discussion has been closed.
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