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One of the reasons I'm no longer a CTA. Got fed up with the endless paper
work that accomplished nothing.
-----Original Message-----
From: THE DOCTOR <droex@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Cc: MetaStock listserver <metastock@xxxxxxxxxxxxxxxxxx>; gcwallace@xxxxxxxx
<gcwallace@xxxxxxxx>
Date: Tuesday, May 11, 1999 3:31 PM
Subject: Re: Fw: CFTC Strikes!
>Not charging for the information is not the issue. One of the common
abuses is
>promoting a position you already have. Were you trading for your own
account at
>any time prior to or during the posting? Did you have direct influence or
>benefit?
>
>
>
>Glen Wallace wrote:
>
>> This is from the Omega Listserver, with names and addresses removed.
>>
>> Be careful, people.
>> ___________________________________________________________
>>
>> ----- Original Message -----
>> From: RL
>> To: Omega List
>> Sent: May 11, 1999 11:44
>> Subject: CFTC Strikes!
>>
>> I just got a Certified Letter from a Trial Attorney at CFTC.
>>
>> They ask for all documents published, maintained, issued, written and/or
>> distributed by E (my company) concerning "I" (my system);
>>
>> A list of all present anf former subscribers, customers and/or clients
>> for "I" including addresses and telephone numbers;
>>
>> Copies of all promotional brochures, advertisements and/or other
>> descriptive literature concerning "I";
>>
>> Copies of all correspondence received from or sent to present or
>> former subscribers of "I".
>>
>> Now the laughable part is that I have never had ANYONE at ANY TIME
>> pay me ANYTHING for the results of a system-in-testing! The frightening
>> part is that someone at CFTC is either mining the Web (unlikely, as
>> I can't find my Web page with HotBot or Lycos) OR they are monitoring
>> this e-mail list.
>>
>> In that I never charged and only used the Web page to present the
>> results of a scientific test of the system --- AND given that my
>> attorney is the former State Attorney General and he advised me I
>> was OK if I didn't charge and didn't hold myself out to be an advisor
>> (I ALWAYS stated I didn't know how to trade ...) --- I hope to
>> clear this up with a letter.
>>
>> I will keep the list informed. I called the CFTC Trial Attorney and
>> got voice mail. They may even return the call.
>>
>> Cheers,
>> RL
>>
>> ----- Original Message -----
>> From: MS
>> To: Omega List
>> Sent: May 11, 1999 12:38
>> Subject: Re: CFTC Strikes!
>>
>> RL,
>>
>> In my opinion, The CFTC is going to try to charge you with failing to
>> register as a CTA. I sincerely hope that you can clear this up with a
letter
>> but doubt it.
>>
>> Once anyone is registered, the CFTC has a legal right to demand
subscriber
>> lists, financial records and anything else even remotely related.
>>
>> Again, in my opinion this is OK if the CTA is managing money, has power
of
>> attorney or gives individual advice.
>>
>> If you have only used this or another list to talk about your program,
then
>> you haven't given individual advice. However, if you have communicated
with
>> an individual and given any advice or opinion to an individual, BINGO.
>>
>> Good luck RL,
>>
>> MS
>
>
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