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In a message dated 4/22/99 10:01:07 PM Pacific Daylight Time,
countach@xxxxxxxxxxxxxxxx writes:
<< What are the rules on trading other people's accounts?
(With their permission, of course.)
Does one need to be registered or something? >>
I assume you are asking about CTA registration as a futures trader. If so,
my general understanding is that if you intend to represent yourself as a
professional you need to be registered. There is another interpretation that
if you have less than fifteen clients and less than $250,000 under management
that you don't need to be registered. (I wouldn't count on this last
interpretation unless advised by an attorney because there are many details
that could make you a professional regardless of how many clients or money.)
Chuck
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