MTL - Wall Street Legend-Chapter 32 Financial license

  Chapter 32 Financial License

   In a sense, Ye Dongqing used to be a member of Wall Street.

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

  Days have been staying for a long time, and there is no escape for secrets. He knows many things that have happened or have not yet happened.

For example, Mr. Bernard Madoff, the current chairman of Nasdaq, will be arrested for illegal Ponzi schemes in a few years, and now he has started this kind of business. Be sure, whether the other party is currently in a legal business or an illegal business.

  If there is no change in the future, just wait patiently for a few years until Mr. Madoff sinks in, and then extorting hundreds of millions of dollars will be easy.

  Unfortunately, if it were not for the financial crisis and some investors hoped to withdraw billions of dollars from him, this Ponzi scheme would probably continue to be maintained.

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

  I'm not sure about anything else, but when it comes to buying stocks and funds, Ye Dongqing will be confident in at least the next ten years!

He decided to start his own business. It is not easy for Ye Dongqing to make a fortune in a short period of time through normal channels. It is easy to directly take other people's money to make money for yourself.

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

  The reason why he took Miss Laura to Wall Street today was mainly for those licenses. It was a bit risky, but the profit was so big that he thought it was worth the risk.

  In the United States, each industry has its own qualification certificate, which is the so-called license.

  If a person wants to work in the financial industry, sell investment products, or act as an investment consultant, he must pass an exam to obtain a license, but there are too many licenses corresponding to different types of securities, which is often confusing.

The same is true for starting a company. When it comes to many investment companies on Wall Street, you have to talk about the US Securities and Exchange Commission (SEC). Investors, promoting the healthy development of the capital market and maintaining market fairness will pass a series of bills to supervise and restrict financial institutions.

  Since the rules were revised in 1996, investment institutions with at least $25 million in assets under management, as well as corporate shareholders, must register with the Commission. After the company registered with the SEC and passed the review and verification, it became a Registered Investment Advisor (RIA). to a financial license.

  But now, he is eager to engage in this industry, and he doesn’t want to wait until he slowly finishes his certification and accumulates millions of dollars in start-up capital before starting.

In order to avoid getting into a lawsuit in the future and being sent to prison, it is necessary to obtain a legal financial license before starting a "Ponzi scheme". It is not appropriate to call it a scam, because as long as no one loses money, Then it is not called cheating.

  If you want to pick up a legal company with complete procedures for free, you must first pay a small price.

  After drinking coffee, Laura 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 in, and there were only these three letters at the door.

  Already think Ye Dongqing is crazy, in Laura's view, it is impossible to buy a company without money!

   I promised to help him work, but I haven’t talked about the treatment, remuneration, etc., and I am struggling in my heart, thinking about whether to quit, not to accompany this young Chinese to continue going crazy...

  **************

  Business requires sufficient information, and sometimes information is equal to wealth.

  Many companies on Wall Street are engaged in the same role as middlemen. The more famous McKinsey Consulting Company, Boston Consulting Company, and PricewaterhouseCoopers Consulting Company, etc., Ye Dongqing currently cannot afford to ask them for help.

  YPO Consulting Company is a very small-scale company that specializes in serving small companies and individuals. It is a bit famous, and medium and large companies look down on it. It is most suitable for Ye Dongqing who has little money left in his account.

A few, a few computers, plus an office of about 60 square meters, it can be said that the company is opened on Wall Street. Small companies like this can be found everywhere on Wall Street. One day it will grow and develop. Batch after batch died, batch after batch came from all over the place, and the landlords didn't have to worry about having no tenants at all.

  Seeing Ye Dongqing walk in with Laura, dressed in a suit, she looks a little rich, no one cares if she is really rich, as long as she is paid.

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

   "I want to ask you to help me collect intelligence. I want to buy a company on Wall Street. It is best to get an RIA, a bankrupt, or a near-bankrupt company. A shell company, understand?"

  Ye Dongqing got straight to the point, one provided a service, the other needed a service, it was purely a transaction, there was no need to be tight-lipped.

"Of course! It's not my first day working on Wall Street, so how much do you expect to invest?" The other party asked him, saying that he very much hoped to meet a rich second generation who didn't understand anything, so that the commission could be increased, and from it Earn a fortune.

   "I haven't considered it yet, you are responsible for giving the list, and I will contact you for other matters.

   If you are not afraid of trouble, you can find the information by flipping through the newspapers. It can be done, how long will it take? "

Afraid of being taken advantage of, Ye Dongqing deliberately spoke vaguely, and added: "Anyone with a debt of less than one million US dollars is fine. I will help repay the debt. It takes too much time to handle the RIA procedures by myself, and I am impatient. By the way, I I won't give you even a penny, and it will be deducted from the commission of the other party. How much money you can make from this business depends on your ability."

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

  Many "elites" who owe a lot of debt after investment failures are eager to find funds to invest, even if they just get rid of the company and don't let themselves bear the debt. And the consulting company provides the buyer, how can it not charge a favor fee?

  Laura didn't understand the rules, and was thinking about asking people to do things without paying money, whether the other party would throw him and herself out of the house.

Unexpectedly, after a moment of daze, the middle-aged man smiled even more happily, and said: "You will never be charged commission! Give me an hour or two, and I will quickly find those unlucky **** who are about to go bankrupt for you. The price is definitely right…”

  (end of this chapter)