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Several years ago the futures assn (name escapes me)
in D.C. sold a computer program for studying for the
required exam.
I used it and i would highly recommend it.
Dick
--- "s. k." <23i75h6j@xxxxxxxxxxxxx> 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.
>
>
>
>
>
>
>
>
>
===
Big Lucky Dick
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