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  1. “”Dave does not work at a Hedge Fund because you must carry financial licenses like Series 7″

    That is not true at all. You do not need a Series 7 (or any license) to work at a Hedge Fund.”

    You’re both wrong because you’re asking the wrong questions.

    1. Is the hedge fund a registered broker-dealer?

    2. If so does the person in question have to take a series 7 based on what they do for the firm?

    Don’t assume all hedge funds are b-ds and don’t assume that everyone who works for a b-d has a series 7.

  2. “Dave does not work at a Hedge Fund because you must carry financial licenses like Series 7”

    That is not true at all. You do not need a Series 7 (or any license) to work at a Hedge Fund.

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