I Am Raising Money For A Private Equity Fund And Do Not Have A Securities License. Is There A Way Around That?

I am raising money for a limited partnership that will be an alternative type of investment fund. I am the soliciting broker for the managing partner of the fund. The primary equity sources are private equity firms and other funds. I do not have a securities license but I have read SEC regulations and there seems to be a bit of a gray area. Can someone in the industry shed some light on ways of successfully recruiting the capital with out being in breach of SEC regulations? Thank you.

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This entry was posted on Monday, September 14th, 2009 at 12:51 am and is filed under raising money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “I Am Raising Money For A Private Equity Fund And Do Not Have A Securities License. Is There A Way Around That?”

  1. jeff410 Says:
    September 14th, 2009 at 1:15 am

    YES! you need your securities license:7, 63, 3; im sure you want to get paid and without a securities license you will loose plus..what other broker will do business with you and if there do there will rob you blind becuase you are not license…Do it right and same yourself the pain.

  2. Mike C Says:
    September 14th, 2009 at 1:33 am

    Generally if you’re selling limited partnerships you need to be licensed by FINRA. Contact them at finra.org.

  3. Sweets Says:
    September 14th, 2009 at 1:52 am

    You are a broker for this fund and you come to Yahoo for legal advice instead of competent attorneys? Sorry, not believable.

  4. jlf Says:
    September 14th, 2009 at 2:41 am

    Yup. FINRA.org would be the best bet.

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