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>There is no dispute to registration for those who manage money or give
advice
>individually. Incidently, if you check it out, I am quite sure that you had
>to take an examination to be an AP of your CTA. There is no examination for
>CTAs.
Sorry I forgot to cc you on that last note... Everybody associated with the
CTA has to pass the series 3 exam. It's just a technicality - the cta is an
entity, not a person. So it couldn't take a test even if it wanted to.
>This issue is about those who do NOT manage money, have No power of
attorney,
>and do not give any individualized advice.
>If one wants to express an opinion about a stock or option or bond - no
>problem.
>If one wants to express an opinion on Treasury Bond futures, that's a big
>problem and according to the present regulation whould require registration.
>Talk about Amazon.com....that's fine.
>Talk about Corn.....that's registration stuff even though there is no
account
>control, or individual advice.
>Are you sure that you want to buy into that? What's next - registration to
>talk about computers?
>
>Regards,
>Manning Stoller
Somehow I can't believe they actually intend to censor private
conversations. Is this really true? I haven't seen the proposed regs. Seems
like a completely unrealistic goal, doomed to fail on it's own. Thought
control doesn't work even in totalitarian countries.
I think the whole reason the CFTC was set up was to clean up the markets
after the 1929 crash. And I'm pretty sure things are much more honest and
fair than they were back then. Works for me anyway!
best regards,
phil
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