Madison, WI asked in Banking and Business Law for Wisconsin

Q: Can my friend trade stocks and give me a split of the profit, if I gave him advice, but my dad works on wallstreet.

in longer form i am wondering if my friend using his money can trade stocks based on advice that I give him and give me a split of the profit. The reason I don't know if this is legal is because my father working at a Hegde fund and therefore my ability to trade stocks is highly regulated and almost impossible to do anything, but the work around I mentioned above seems too simple of a way around it.

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1 Lawyer Answer
David H. Relkin
David H. Relkin
  • Business Law Lawyer
  • Manhasset, NY

A: This is not the kind of question that can be answered publically.

John Michael Frick agrees with this answer

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