Trading on NY stock exchange?

Question

my step father is starting to trade on NY stock exchange - he is very inexperienced and has lost loads of $ in the past with dodgy get rich schemes. He is now focused on a guy called Lance Spicer. Is this safe? Is this wise? What about tax? Can he hide that money from my mother? Any advise would be helpful.

Answer 1

Not sure what you mean that he's trading on the NYSE, if he is then he is a member of the exchange but I don't think that's the case.

Never heard of Lance Spicer,

Don't know if it's safe but does not sound to be

Without more details not sure if it's wise

If he makes money he will have to pay taxes, if he looses money he can have a write off

Yes he can hide money from your mother

Can not give advice without additional information, you should provide more details