RIA licenses are regulated by the US Securities and Exchange Commission (SEC) or state securities departments and are required by companies and individuals specializing in investment consulting business. In the United States, only a registered investment advisor (RIA) is qualified to provide investors with investment analysis advice on securities products and provide regular investment reports. Only institutions that have obtained this qualification can charge corresponding management fees and assume entrusted responsibilities to customers.
Information prepared by the RIA for the application:
1. Overseas company information: The applicant must formally register an overseas company, and the company must have a registered office and contact information. Moreover, the company's contact information can be directly contacted by the SEC during working hours.
2. Good records of the company and directors: The company must not have any bad business records; the company directors must not have any criminal records or personal bad records.
3. Employee qualifications: The company must hire at least one qualified licensed financial and financial investment consultant to become an employee of the company's license, or the company's executives must pass the examination and apply for an individual RIA license of the SEC.
4. Business operations and compliance reports: Applicants must submit a number of operational reports to the SEC, such as the company's product specifications, customer service contracts, company normal and operating procedures, privacy regulations, AML, customer documentation, market promotion copywriting specifications , Business structure, etc. The SEC requires applicants to prove that they have sufficient qualifications to operate and manage businesses and transactions in compliance with regulations.
U.S. SEC RIA license advantages:
1. Regulatory authority: The SEC is an independent agency and quasi-judicial agency directly under the US federal government. It is responsible for US securities supervision and management and is the highest regulatory agency in the US financial and securities industry.
2. Wide range of business: Whether it is a digital currency company or a foreign exchange platform company, in order to expand global business, build a complete trading system, and attract more customers, SEC supervision is a must for industry leaders.
3. High gold content: As a leader in foreign exchange trading, the US Jiasheng Group, Interactive Brokers, IG and FXCM are all under the supervision of the SEC. They are all members of the world's largest foreign exchange dealers and are all listed companies.
4. High cost performance: The SEC RIA license of the US Securities Regulatory Commission has no monthly maintenance and no margin requirements, and there is no pressure on later operation and maintenance. Compared with some small island country licenses, the cost performance is very high.