Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 32 Financial License

In a sense, Ye Dongqing was a member of Wall Street in the past.

This place is not only a shortage of securities traders, financial analysts, risk control managers, investment banking managers, etc. with extremely high financial acumen, but also people like him, as well as lawyers who only recognize money but not people, to help solve some more difficult problems.

After staying for a long time, he had no secrets to escape. He knew many things that had happened or had not yet happened.

For example, the current Nasdaq Chairman Mr. Bernard Madoff will be arrested in a few years because of an illegal Ponzi scheme. Now he has started to engage in this kind of business. It has just started, but Ye Dongqing is not sure whether the other party is currently a legal business or an illegal business.

If the future does not change, wait patiently for a few years, and after Mr. Madoff is deeply trapped, it will be easy to extort hundreds of millions of dollars by then.

It's unlucky. If it weren't for the financial crisis, some investors hoped to raise billions of dollars from him, the Ponzi scheme would probably have continued to continue.

If you mess it up, it is a liar, but if you don’t mess it up, and it will continue to bring huge enough benefits to investors? Who will get angry because of their high money?

If you are not sure about anything else, when it comes to buying stocks, you will make money or not. At least Ye Dongqing will be very confident in the next ten years!

He decided to start his own business. It is not easy for Ye Dongqing to make money in a short period of time through normal channels. He still has to find some ways to take shortcuts. He makes his first pot of gold by himself, so how can he directly take other people's money to make money for himself?

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

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

In the United States, all industries have their own qualification certificates, which is the so-called license.

If someone wants to engage in the financial industry, sell investment products or serve as an investment consultant, he must pass the exam to obtain a license, but there are too many licenses corresponding to different types of securities, which often makes people confused.

The same is true for opening a company. Speaking of many investment companies on Wall Street, we have to talk about the US Securities and Exchange Commission (SEC), which is an institution that regulates the financial industries such as U.S. securities, securities companies, funds, banks, etc. It aims to protect investors, promote the healthy development of the capital market and maintain market fairness. It will pass a series of bills to regulate and restrict financial institutions.

Since the rules were revised in 1996, investment institutions with at least $25 million in managed assets and shareholders of the company must register with the committee. After the company registered and passed the review and verification, it became a registered investment consultant (RIA). The SEC reviewed RIA very strictly. Now Ye Dongqing has no certificate, no connections, and the money in her pocket is pitifully small, and it is almost impossible to get a financial license.

But now, he is eager to work in this industry, and does not want to wait until he finishes his certificate and accumulates millions of dollars in start-up capital before starting.

In order to avoid being sued in the future and being sent to prison to jail, it is very necessary to obtain a legal financial license first and then start a "Ponzi scheme". It is not appropriate to say that it is a scam, because as long as no one loses money, it is not called a scam.

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

After drinking coffee, Laura followed Ye Dongqing foolishly for a few minutes, crossed the road, and came to a small company called "YPO". She didn't know what business the company was engaged in, and there were only these three letters at the door.

I already felt that Ye Dongqing was crazy. In Laura's opinion, it was impossible for her to acquire a company without money!

I promised to help him work, but I haven't discussed the treatment, remuneration and other matters. I was struggling to think about whether to quit and not accompany this young Chinese to continue crazy...

***************

Doing business requires sufficient information, and sometimes news is equivalent to wealth.

Many companies on Wall Street are engaged in roles similar to middlemen, such as McKinsey Consulting, Boston Consulting, and PricewaterhouseCoopers Consulting. Ye Dongqing is currently unable to ask for help.

YPO consulting companies are a very small-scale and specialized in serving small companies and individuals. They are a little famous, and medium and large enterprises look down on it. They are most suitable for Ye Dongqing, who has little money left in their accounts.

A few computers, plus an office of about 60 square meters, said that it was also considered to be a company that opened on Wall Street. Small companies like this were everywhere on Wall Street. They took advantage of Wall Street and made some money by the reputation of the business elite. They hoped that they would grow and develop one day. They died in batches and came from all over the place, and the landlords did not have to worry about not having tenants at all.

When I saw Ye Dongqing bringing Laura in, wearing a suit, she looked a little rich. Is he really rich and no one cares about him? He just needs to pay a reward?

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

"I would like to ask you to help me collect information. I want to acquire a company on Wall Street. It is best to get RIA. It is already bankrupt, or is close to bankruptcy. Shell companies, do you understand?"

Ye Dongqing is straightforward to the point, one provides services and the other needs services. It is purely a transaction, so there is no need to keep it in the dark.

"Of course! I'm not working on Wall Street for the first day, so how much do you expect to invest?" The other party asked him and he really hoped to meet a rich second-generation who didn't know anything, so that he could increase the commission and make a lot of money from it.

"I haven't considered it yet. You can just be responsible for giving the list. I will contact you for other matters myself.

If you weren’t afraid of trouble and you could find the information by browsing the newspaper, you could do it. How long does it take?"

Fear of being treated as a sucker, Ye Dongqing deliberately said it vaguely and added: "It's fine if you have a debt of less than one million US dollars. I will help repay the debt. It takes too much time to handle the RIA procedures by myself, and I lack patience. By the way, I won't give you even a cent to deduct it from the other party's commission. How much money can be made in this business depends on your ability."

As a middleman, consulting companies make money on both sides.

Many "elites" who owe a lot of debts after the investment fails, they are eager to find funds to invest, even if they are directly dumped and don't let themselves bear the debt. How can consulting companies provide the buyer without charging a benefit fee?

Laura doesn't understand the rules and is thinking that if she doesn't pay, she will let someone do things. Will the other party kick him out and herself?

Unexpectedly, after a moment of dazed, the middle-aged man actually smiled happier and said, "I will definitely not charge you a commission! Give me an hour or two, and I will soon help you find those unlucky guys who are about to go bankrupt. The price will definitely be appropriate..."
Chapter completed!
Prev Index    Favorite Next