|
PureBytes Links
Trading Reference Links
|
Rus,
I read the CPO/CTA regulatory guide from the NFA to mean -
an individual who is not a CTA and doesn't market himself as a CTA and
advises less than 15 people within the past twelve months can still charge
his customers for his advice and he isn't required to register with the NFA
>I'm no legal eagle but where CTAs are concerned, giving advice to less than
>15 people, not charging for it, and not marketing yourself as a CTA would
>obviate the need to register with NFA/CFTC.
>
>So I guess the answer to your question ought to be no, on that reasoning.
>
>Rus
>
>-----Original Message-----
>From: Alexander Levitin [mailto:alevitin@xxxxxxxx]
>Sent: 03 June 1999 02:31
>To: omega list
>Subject: Question to Legal Eagles
>
>
>Dear Comrades:
>
>This is to our Legal Eagles of ex-ones. Does telling your friend that
>you made a trade (or planning to make a trade) in your own IRA account
>constitute given trading advise? What if your friend will follow your
>trade and buy (sell) for himself using your timing and direction?
>
>Comrade Alex.
>
>
|