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john,
Might want to check, but I think they increased the limit from
$200,000 up to $500,000 for non-registering CPOs.
Walt
> 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
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