|
PureBytes Links
Trading Reference Links
|
s.k.
I used to have a little old lady for a neighbor. She'd say
crazy things and then claim she read it in a book or a
newspaper. Quoting a source doesn't mean you are incorrect.
Just throwing out any answer isn't usually helpful. If you
don't know, it's better to let others that know jump in.
Best,
Tim Morge
"s. k." wrote:
>
> 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.
|