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PureBytes Links
Trading Reference Links
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Steve -
Thanks for the comment. I have not posted advice on specific trades. I
have posted specifics on support/resistance levels and market timing.
There was a disclaimer at the site while it was being maintained which
said the following:
"DISCLAIMER: PAST RESULTS ARE NOT NECESSARILY INDICATIVE
OF FUTURE PERFORMANCE. The author Accepts No Liability Whatsoever For
Any Loss Arising From Any Use Of this data. This Information Is In No
Way A Representation To Buy Or Sell Securities, Bonds, Options Or
Futures.
This information is not intended to be used as the basis of any
investment decisions, nor should it be construed as advice designed to
meet the investment needs of any particular investor. ALWAYS CHECK WITH
YOUR LICENSED FINANCIAL PLANNER OR BROKER BEFORE BUYING
OR SELLING."
Appreciate your thoughts on above?
Ned
steven poser wrote:
>
> Ned - I am no legal expert, but I just spoke to the CFTC and the SEC
> about a similar question. If you are not managing money and you are not
> getting any remuneration for the advice, then there is no need to be
> registered. I think though if you give specific trade recs (buy at 1000,
> stop 950, objective 1100) you might need some sort of registration. With
> the CFTC/NFA it means passing a series 3 exam and becoming a CTA. The
> SEC might also want you to register with the states as a registered
> investment adviser too!
>
> Finally, a lawyer would hang you for putting trade recs up on the web
> w/out a disclaimer. I have not checked your site, but if u r doing that
> u could be sorry. Anybody could then come back at you and sue you.
>
> Steve Poser
>
> Ned Markson wrote:
> >
> > So we checked with a legal type and he said that yes I
> > should be registered. As a result I put the site under construction,
> > called the NFA, and they are sending me some information.
> >
> > Somehow this all seems like overkill since this was a non-commercial
> > site with no fees involved; perhaps someone else on the RT list could
> > advise me on this issue??????
> >
> > Ned
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