If Mr. Allen is not pooling funds, you are correct that several loopholes exist that would not require him to register; however, in one of his very first posts he mentions an administrator. Why else would you have a hedge fund administrator if you were managing less than 15 separate accounts...
Hello Doug,
You clearly state in the quoted post that you trade other peoples money (OPM).
Anyone who trades other peoples money in a Fund of Fund structure must be registered; however, neither FINRA nor the NFA show your company as being registered.
Could you please clarify?
Thank you.
Hello Doug,
Could you please explain why your company Blue Lion Capital is not listed with either FINRA or the NFA as this is a requirement for any company operating as a Fund of Funds. In fact FINRA or the NFA does not show you as being registered with any firm.
Thanks.
Do not confuse an IIB and an FCM. Dorman is an FCM -a first rate one at that. Mirus is an IIB - another first rate operation. If you have an account with Mirus, you can either clear RCG or Dorman.
Mirus is more tech savy and will probably give better service to the small retail trader.
I the first paragraph you advocate getting out of a a trade unless you are in a strong trending market. Then, you confirm that one never knows when the trend is about to stop in your second paragraph. Interesting.
I guess everyone on this site is too young to remember the "wonderful"change Jimmy Carter brought to Washington.
Just look at the benefits one party rule has been for the state of Illinois and the City of Chicago. Highest sales tax in the nation. Huge deficits and a murder rate in Chicago...