A client has recently signed a contract to introduce clients to a hedge fund. The latter will pay him 5% of any sums placed with the fund by the people introduced by him. He is expecting that the sums will be very large in due course. His main business is as a self-employed bookkeeper. The hedge fund assures him that he does not need to register with FSA in connection with the introductions to the hedge fund. Is this correct?
20th Jun 2012 06:07