Never trusted them. Every time I get approached tell them the same thing:
I will give you 35% of the profits you make for me above and beyond all fees and commissions. If you don't make me any money then I don't owe you any fees.
Never had one accept this arrangement.
well probably noone accepted that arrangement because it is against the law.
Why is that?
there are a ton of regulations connected to having a series 6 or 7 securities license. strictly prohibited, and generally most firrms require an annual attestation that you are not doing this. think FINRA for the regulation.
