|
PureBytes Links
Trading Reference Links
|
Sorry left out important word here member, meaning a registered person with
the NFA and CFTC.
At 10:40 AM 3/14/1999 -0600, Robert W Cummings wrote:
>
>
>Depends on who's asking and if you need to prove it. If your going to use
>it as a part of
>your CTA disclosure document then yes and it must be backed up by brokerage
>statements. If you don't have it you may use hypothetical results that's
>labeled as such. To prove to an individual ((MEMBER)) that you made money
for possible
>employment as a CTA then past tax returns would probably suffice I would
>think. I suggest that you get an outside CTA reporting accountant to start
>doing your monthly trading results even before you become a CTA. Its not
>expensive and it will serve as verification, its also helpful at tax time.
>A CTA document has really come down in price as well, you should pay no
>more than $800.00 or less for one today. Records, records and still more
>records and good ones are needed for (not if) but when the NFA comes
>knocking on your door. They come in packs 3 to 4 people at a time fresh out
>of college with lap top computers. A hint here they hate cigar smoke so
>before they come buy the most stinking one you can find and light up, makes
>the audit speedy. :)
>
>Robert
>
>
>
> Stan Katz wrote:
>>Mark:
>
>>I heard that it is necessary to provide documentation of one's trading
>>performance. Is this true?
>>
>>Stan Katz
>>
>>
>
>
|