Is it legal to sell stock tips online?

Can I place an ad online offering stock tips for cash payable through Paypal? Does this require a license from the government?

Asked By: - 2/16/2012
Best Answer - Chosen by Asker
Some of this other advice here is weird (like the guy who says you can't spell for **** - I think all words are spelled correctly so it's pretty clear who has the spelling problem... More
Answered By: JoeyV - 2/16/2012
Additional Answers (5)
yes it does require a license and it is (ONLY) legal if you have that license
Answered By: epic aggron - 2/16/2012
I've never met you, know nothing about you, so I wouldn't spend my money on "stock tips" from a totally unknown individual. The customers you dream of will probably feel the same way... More
Answered By: Ed Fox - 2/16/2012
It's legal, but you need to have some type of Education in knowing what stocks to buy, sell or steer clear of. If you provide bad advice, you'll be out of business in a New York Minute. You'll also require a Disclaimer. Is this for a website or just sending out email advice? You'll also have to pay Federal and State... More
Answered By: John M - 2/16/2012
Well the 'for cash' bit is tricky. So I wouldn't. What if the investment goes wrong and the person sues you? More than likely you would be sued for unsuitable advice (as you wouldn't know what was suitable... More
Answered By: Raysor - 2/16/2012
its already done and its a kind of business
Answered By: jack - 2/16/2012
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