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Ian: It normally means that the registrant has chosen, for any number of
reasons, to no longer be registered with NFA. He may have retired (as I
did), gone out of business, chosen to specialize in a different category,
etc. You can run down the regulatory history by using Basic. The mere fact
that the registrant is no longer with the NFA tells you nothing about the
practices of the individual/company. But you should always check NFA before
you do business with a person/company.
Regards, Jack.
----- Original Message -----
From: "Ian Waugh" <ianwaugh@xxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Cc: <ianwaugh@xxxxxxxxx>
Sent: Friday, January 23, 2004 3:17 PM
Subject: Withdrawn...
> When you look up a company or individual on the NFA site, you sometimes
> see an entry that might read like this:
>
> Status Effective Date
> . COMMODITY TRADING ADVISOR WITHDRAWN 02/30/2003
> . COMMODITY TRADING ADVISOR REGISTERED 10/14/2001
> . COMMODITY TRADING ADVISOR PENDING 11/27/2001
>
> Which suggests that their CTA status was withdraw in 2003.
>
> Can someone explain what this means? Does it mean that they were thrown
> out, resigned, asked to leave or simply didn't keep up the membership
> payments? Is this a company/person you want to stay away from or have
> they just moved away from the NFA?
>
> Thanks.
>
> Ian
>
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