To publically tip shares do you have to be FSA regulated? as are thinking of adding this to my website in the future? ( 6 months or so)

Yes, I believe so.

Just be careful with how you go about it tbh...

If you're not an approved person i.e. CF21 or 22 on the FSA register and working for an FSA authorised firm then generally you shouldn't be providing investment advice - just make sure that whatever you publish on your website isn't put across as investment advice.

Plenty of people post up their trades on this forum but posting things up as recommendations or 'tips' is a dodgy area and you could get in trouble for it so be careful. (Aside from the fact that 'tips' are generally worthless anyway)

thanks i shall bear that in mind for the future...

but i do like "Aside from the fact that 'tips' are generally worthless anyway"

If you are located in the UK you definately need to be FSA authorised. I have noticed, however, a few sites that don't bother.

There is a brief item on my website about authorisation.

Have you a reference to Neteller on your website?

Have you a reference to Neteller on your website?


i was going to add payment providers, when i get chance. (Neteller, Datacash and Earthport so far...)

why is their a problem with neteller? other than it being suspended?

you don't *always* have to be - there are exceptions

i.e. share tips within publications - don't know the exact rules but most newspapers are not FSA registered yet plenty of them have at some point published share tips within their business/financial section. I used to follow the one in the Sunday Times money section when I was a kid.

A website set up purely for information purposes may well be able to post 'tips' too - though this is something the thread starter will need to research himself. Obviously full blown investment advice requires FSA authorisation.

How does Robbie burns

Evil Knievil

AND

Lemming Innvestor get away with it then???????????????????????.

They arent FSA registered.

Get away with what exactly?

Not being FSA accredited but yet still giving out share tips (although they try to deny this through appearing to get through a loop hole that should be closed).

Its like being a solicitor giving out legal advice although you are not qualified to do that.



Bottom line, gaining financially.

Surely it depends how they have gone about it. Clearly you can't stop someone from saying I'm long XYZ - else forums like this couldn't operate. Plenty of newspapers have given out share tips in the past - they aren't on the FSA register either.

Tips are useless anyway tbh...

Newspapers and B/Boards dont have to be FSA accredited by law.

Tipsters do.

Can you show me any difference between a tip sheet content and any of the three organisations mentioned above content.

The fact is they are making a living out of tipping stocks no matter how they try and get around the law.

Newspapers dont need to be because they are governed by their own admin legislation body and B/Boards dont give tips well only the ones posters bring up but there is two way conversation on the boards so If you were to give out an inaccuracy someone would most likely pick it up and post.

that is sort of the point - the line is blurred with online media - if these guys are doing something similar to a newspaper giving tips then it isn't necessarily going to break the rules.