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S.K.
Sorry...better off to contact the NFA directly. Your
response isn't accurate and would not help this poster.
They will have to take the series 3, also take ethics
classes and then fill out extensive forms, be subjected to
background checks, fingerprints, their name and firm's name
posted to all FCMs...In short, it isn't terribly hard or
terribly easy. But if you want to use the CTA after your
name, you gotta do it.
Best place to look is to find the NFA web site [search the
net, it's easy to find].
Best,
Tim Morge
Blackthorne Capital, Inc.
"s. k." wrote:
>
> CTAs are required to register with the CFTC through membership in the NFA
> and musst follow certain prescribed CFTC regulations concerning disclosure
> to clients and operations.
>
> Certain disclosures must be made by CTAs to prospective clients. These
> incl.:
>
> 1. disclosing business activities of itself and its principals for the past
> five years;
> 2. disclosing past verifiable trading performance; and
> 3. stating the fact, if applicable, that the CTA has no previous trading
> experience as a CTA (in the case of the CTA who papertrades to get clients)
>
> A CTA may not hold customer assests unless you or your organization is an
> FCM also registered as a CTA. etc. etc. etc. (very basic)
>
> This is all taken from the Series 3 brokerage book
>
> It says nothing about CPOs or CTAs doing anything except paying a fee and
> abiding by some rules, whereas a broker would need to take his Series 3
> (see PassTrak Series 3, from Dearborn Financial Institute, about $40-50
> book from Amazon.com).
>
> Best to you.
>
> >Hello,
> >What series do i have to take to become a CTA?
> >and where can i find more information on it.
> >
> >Bryant
>
> Check out the book by PASSTRAK, Series 3, at
> Amazon.com - I don't know if it is required to
> be a CTA, but it IS required to be a broker.
>
> It is your brokerage license. Once you have
> your Series 3, I don't think anyone in the
> Commodities industry needs anything else,
> 'cept for paying their dues to the NFA.
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