, and to all my friends and family who want me to trade on their behalf, my simple answer is, its against the law, as I'm not FCA registered.
Its that just to fob them off? My understanding was that to trade someone else's money with an SB or retail. All you need is the account in their name and then a power of attorney to give you control of the account.
I thought FCA regulation/exams was only required for those working at institutional level and those who are handing out investment advice.
It was a while ago when i researched so the rules could of changed since then.