Quote Originally Posted by abfunders View Post
How is charging a consulting fee illegal? As long as it's not a percentage of the amount procured and it's a flat fee.
Does not matter how you classify the fee. It is still a form of compensation and not legal. You can sell assets in some states without a FINRA license. Some require a real estate license to do so. You cannot accept any form of compensation for an equity transaction without a FINRA license. Not only will FINRA come after you for doing so, most states will have their AG after you and in some states you get a nice visit to their pokey.