I am tinkering with the idea of starting one.
How do you protect yourself from John or Joan who has 5000 quid to their name, they invest and 3 months later the market takes a dive and they want to panic sell?
Can you have an application, can you interview on the front end, can you have minimum investment requirements.
Obviously disclose, disclose, disclose. Use proper state and federal forms. What else can be done?