Wall Street Legend
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.
After staying for a long time, there is no escape for secrets, and he knows many things that have happened or have not 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, and when Mr. Madoff sinks in, it will be easy to extort hundreds of millions of dollars by then.
Unfortunately, if it weren't for the financial crisis and investors hoping to withdraw billions of dollars from him, this Ponzi scheme would probably continue to survive.
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. When it comes to buying stocks and funds, Ye Dongqing will be confident in at least the next decade or so!
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 financial license issue first.
The reason why he brought Miss Laura to Wall Street today was mainly because of 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 firms 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 desperately wants to work in this industry, and he doesn't want to wait until he 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 nothing, you must first pay a small price.
After drinking the coffee, Laura foolishly 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.
Ye Dongqing already felt that Ye Dongqing was crazy. In Laura's view, it was 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, considering whether to quit or not to accompany this young Chinese to continue going crazy...
*************
Doing business requires sufficient information, and sometimes information is equal to wealth.
Many companies on Wall Street are engaged in the role of middlemen. The more famous McKinsey Consulting Company, Boston Consulting Company, PricewaterhouseCoopers Consulting Company, etc., Ye Dongqing cannot afford to ask them for help at present.
YPO Consulting Company is a very small company that specializes in serving small companies and individuals. It is a little 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 walking in with Laura, she was wearing a suit and looked a little rich. No one cared if she was really rich, as long as she was 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 gather intelligence. I want to buy a company on Wall Street. It's best to get an RIA, a bankrupt, or a near-bankrupt one. A shell company, understand?
Ye Dongqing got straight to the point, one provided a service and 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 really 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 it is not troublesome, you can find the information by flipping through the newspapers, can it 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 firms act as middlemen, making money on both sides.
Many elites who owed a lot of debt after the failure of the investment wished to find funds to invest, even if they just got rid of the company and didn'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 she was thinking about whether the other party would kick him and herself out of the house without paying money.
Unexpectedly, after a moment of daze, the middle-aged man actually smiled more happily, and said: You will never be charged commission! Give me an hour or two, and I will help you find those unlucky bastards who are about to go bankrupt. The price is definitely right…”
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