Soliciting Overseas

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Apr 22, 2010 6:26 pm

Is there any registration paperwork or exam that needs to be taken in order to sell stock to overseas investors? (I.e. Mexico, Brazil, EU etc.)

Apr 23, 2010 1:08 am

What's the matter, can't sell domestic? If you can't sell in the richest country in the world, how can you sell to the third world?

Apr 29, 2010 11:08 pm

Hi,

I know that some countries are regulated and some countries aren't. UK for example as a strict regulation similar to the US...instead of FINRA we have the FSA. There are several exams that allow you to sell stock or offer financial advice...check with the FSA. 

How do you intend to sell overseas? Strictly by phone?

I am based in Europe but would love to sell in the US. What would be the process like? Would I need to be hired by a US based brokerage firm? Can I do this independently (without employer)?

Sorry as you can see I'm still pretty new to this.

Thanks,

JL

May 4, 2010 10:44 am

Mr. Blonde, I do quite well in the US. I would like to sell abroad because I travel often to Central & South America, and Europe and it wouldn't hurt to have clients to visit in those countries, but I do appreciate your concern.

May 4, 2010 12:53 pm

Mexico shouldn't be a problem, at least on an advisory basis.  They are members of NASAA.  Same goes with Canada, Puerto Rico, and the US Virgin Islands.

May 5, 2010 2:47 pm

You need to be registered or exemption from registration in Canada (you aren't).  South American countries won't be an issue.  UK is.

Just remember, if you run into trouble with a foreign goverment, that is reportable on your U4.

May 12, 2010 12:52 pm

Thank you all for your input. It is appreciated!

May 13, 2010 11:48 am

You will find that NRA investors have a lot more money to invest than your average joe here. An average account is often times 5 to 10 times greater than a typical US investor. Having said that, you must get informed as to the best approach to use to be effective and in compliance. 

Most of the top-tier mutual funds have offshore groups - a good place to start to get acquainted with the do's and dont's. Introductions and viral marketing is the preferred method of marketing in South and Central America.

As is often the case with flight capital, preservation of capital is the primary goal. Good Luck.