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I copied it word for word out of the SERIES 3 book from Dearborn.
Can't blame me for trying to be helpful, or Dearborn being a useless
publisher.
Anyways, www.nfa.org (or www.nfa.com) is their site.
Fingerprinting? How ridiculous.
I wouldn't want my CTA to be booked for a crime before he commits one.
That is SO unamerican.
Hi Timothy Morge, you wrote on 7/19/99 9:00:56 PM:
>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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