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10-15-2018, 03:22 PM #1
- Join Date
- Mar 2015
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- Boynton Beach
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- 3,493
I will say this again....regulation in any part of capital markets is inevitable. They are put in place to protect the customer first, the stability of the markets, and then the stability of the market participants/institutions. Institutions are far better off with a federal regulation as it is easier to manage then regulations for each different state. Brokers and referral partner are better off with federal regulation as state regulation management comes with a higher cost to manage. If institutions are forced to manage regulations from each different state, the cost of managing the regulations will cut margins...thus forcing them to cut costs internally and to referral partners.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-15-2018, 03:26 PM #2Karen37aGuest
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10-15-2018, 03:31 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-15-2018, 03:33 PM #4Karen37aGuest
Its called American Business owners and I am my own referral source at times
I saw it LIVE...my own live samples...no one can dispute it...i lived it....thats why people have to lead from the front...do it and you can teach and see for yourself
They make these bad mca brokers look good sometimes
So the point is Calif doesn't have to protect them like they are a turtle...they will use that to their advantage to con more
its non negotiable it will happenLast edited by Karen37a; 10-15-2018 at 03:35 PM.
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10-15-2018, 03:52 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Karen-The regulations are not written to protect bad customers. They are written to protect all customers. If you choose to do business with anyone, anyhow, anyway in an attempt to make money, you will get burned. Hence the reason to know your customer, know your referral source, and know your source of capital. Relationships always end the way they start.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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10-15-2018, 03:55 PM #6Karen37aGuest
And no one needs to keep talking about lowering rates below par value OR protecting them( from brokers constantly)...50% of them are liars and frauds
This isnt happy la la land....its money...people will do a lot for 100k including kill their family for a insurance policy
Do we have bad brokers...yes...bad merchants yes...bad funders yes bad politicians yes bad bankers yes
( bad merchants are the largest category ..beating all the others combines 10 fold)
This is just the reality of wall st and finance..I wish it wasn't
Regulation is a bad bad move...people will see why
And lending into that dead pool at certain rates is juvenile and embarrassing ( Its not my money either...i should want low low rates) I just know everyone will go under.Last edited by Karen37a; 10-15-2018 at 04:04 PM.
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10-15-2018, 04:04 PM #7
this has nothing to do with regulation.. Yes there are bad merchants, this isn't news to anyone here. I just am trying to see what that has to do with regulation.. They pass laws because this industry has gone unchecked for years and has done nothing to regulate itself, so now states are stepping in to do the job. We are not some small thing anymore, the industry is now lending billions of dollars a year,. With numbers like that people are going to start paying attention.
That said what that has to do with a bad merchant who according to your post is killing his family for 100k alludes me. Also 50% of all merchant are not liars and frauds unless you are working on the lowest quality **** deals on the planet. Some merchant are bad always have been always will be but nowhere near what you are making them out to beJohn Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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