U.S. SEC

The United States Securities and Exchange Commission (SEC), often referred to as the SEC, is an independent agency and quasi-judicial body established under the Securities Exchange Act of 1934. It operates directly under the United States federal government and is responsible for overseeing and regulating the securities industry in the United States, serving as the highest regulatory authority for the U.S. securities sector.

Introduction to U.S. SEC

The RIA license (Registered Investment Advisor, specifically for advisors managing investments for investors). Only investment institutions with the RIA license can conduct business such as U.S. stock sales domestically. If the relevant qualifications cannot be obtained, transactions can only be conducted through intermediary platforms with licenses. Significance of the U.S. RIA License:

The U.S. RIA license is regulated by the U.S. Securities and Exchange Commission (SEC) or state securities departments. Companies and individuals engaged in investment advisory services need to apply for this license. In the United States, only registered investment advisors (RIA) are qualified to provide securities product investment analysis advice to investors and regularly provide investment reports. Only institutions with this qualification can charge corresponding management fees and assume entrusted responsibilities for clients.

Typically, the fund manager of an institution applying for registration as an investment advisor must pass the corresponding licensing exam, the Investment Advisor Examination - Series 65. Most states in the U.S. can also exempt the Series 65 exam if the institution's manager holds other financial licenses such as Chartered Financial Analyst (CFA) or Personal Financial Specialist (PFS). Additionally, applying institutions must have assets under management (AUM) of over $25 million. Companies with AUM between $25 million and $100 million can register with state securities departments, while those with AUM exceeding $100 million need to register with the SEC.

U.S. SEC License Application Documents:

1. Letter of authorization for license processing:

2. Company registration documents

3. U.S. company registration certificate

4. Company's articles of association (if any);

5. Passport of directors;

6. Company business description report;

7. System filing:

8. Compliance reports and other documents

Compared to the administrative approval system for private fund managers in China and the recent strict regulatory trends in the domestic financial industry, the RIA license in the U.S. is characterized by a moderate application difficulty, considerable stock, and widespread distribution among license holders.

Therefore, overall, the RIA is a fundamental license in the U.S. securities investment industry. The license itself is part of the requirements for industry compliance and does not constitute proof of the institution's strength or guarantee of investment returns.

U.S. SEC

Introduction to U.S. SEC

U.S. SEC License Application Documents:

U.S. SEC License Showcase