I want to start a business
recommending stock market
ideas/securities. Following are my questions:
1. Should I register my business and if yes, which state offer me the best advantage. This business will be done online. I am a resident of NJ.
2.Does it require any regulatory approval? By reading competitors' website, it seems that publishers are excluded from requirement of registering as an investment
adviser.See the quote from a competitors' website
"Neither the 7-Minute Trader nor its parent company
, Global Investor Services, Inc. (referred to collectively as "7-Minute Trader" or "we" or "us" or "our") are registered as an investment adviser. The 7-Minute Trader relies upon the "publishers' exclusion" from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, the 7-Minute Trader does not offer or provide personalized advice. We publish information about markets in which we believe our readers may be interested and this information reflects our sincere opinions. The information that we provide or that is derived from our website and or services is not intended to be, and should not be construed in any manner whatsoever as, personalized advice. Also, our website and or services and the information provided by us should not be construed by any subscriber or prospective subscriber as the 7-Minute Trader's solicitation to effect, or attempt to effect, any transaction in a security. Investments in the securities markets, and especially in options, are speculative and involve substantial risk. The information that we provide or that is derived from our website and or services should not be a substitute for advice from an investment professional. We encourage you to obtain personal advice from your professional investment advisor and to make independent investigations before acting on the information that you obtain from the 7-Minute Trader or derive from our website and or services. Only you can determine what level of risk is appropriate for you."