|
PureBytes Links
Trading Reference Links
|
-----Original Message-----
From: jdfo <jdfo@xxxxxxxxx>
To: Realtraders@xxxxxxxxxxxxxx <Realtraders@xxxxxxxxxxxxxx>
Date: Thursday, January 28, 1999 8:49 AM
Subject: Licensing
> Many thanks to Ira, Jay, John Cappello, Bill S. and thanks to Richard
>Chehovin who suggested that I call the National Futures Association in
>Chicago. and this is the information also for Bill W. I intend to call
them
>today to confirm what I learned from the web site of the Commodity Futures
>Trading Commission, last evening:
>www.cftc.gov/
> Once there, go to search and search for Commodity Pool Operator or
>Rule 4.13. (I had trouble with the NFA site so choose the CFTC site).
> Everyone was correct regarding the 15 or less participants and $200,000
>or less in initial capital. Also, and most important, if you want to
>operate as a Commodity Pool Operator without registering, you can
>participate in the profits but you can not operate another pool. This was
a
>big question as everyone I asked told me that I would not be able to share
>in the profits (hopefully there will be something to share), unless I was
>registered as a CTA and took the exam, etc.
> There are other requirements and at one point they seem to contradict
>the "one pool at one time" scenario. However, this is where you can find
>the material.
> That's it and thanks. I'll let you know what they have to say in my
>phone conversation today if there are any great discrepancies.
>
>Regards,
> John,
>
>jdfo@xxxxxxxxx
>
>
>
>
>
>
|