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Does the C2 system vendor KNOW his advice is being autotrade by "John Jones?" Does the C2 system vendor then make decisions that "John Jones" is too heavy in this area, I'll go light on this week's recommendation? I understand the answers are that the C2 system vendor has no clue if "John...

ginux, as you posted in your own quote from the SEC above "One of the exclusions from the Act includes publishers of bona fide newspapers, news magazines, and business or financial publications of general and regular circulation." As I said before, that's "freedom of speech" and you do not...

GTS, if I may restate my "argument": the SEC correctly says "In order to allow “auto-trading” in your account, you must sign an agreement with the broker authorizing it to accept trading instructions directly from the investment newsletter and to execute trades in your account without first...

Thanks, again (BTW by the time my re-edited post got re-posted up you had replied). IMO, since the autotrading software does not give recomendations, there's no need to register as would an investment advisor. I can see people debating the issue due to the newness of the technology. But...

GTS, Thanks, that was enlightening! Puts a clearer light on the summary I saw on that link you gave: When you subscribe to a system, you receive the latest trading advice by email, Instant Messenger, or cell phone. But you must place the trades at your broker by yourself. In contrast, when...

I never heard of C2 or of autotrading before today, but I did write a newsletter back in the 90's and feel a little familiar with SEC registration rules in that regard. What do you mean by "allow your recommendation to be auto-traded"? If you mean C2 makes stock recommendations and for a...

\ I gave you the direct quote right off the FAQ that was referred to earlier. What I may respectfully say is that you are not reading/understanding properly. C2 has to register. Their CUSTOMERS (who allow auto trading to happen in their own personal account) obviously do not register...

There's not arguement there. We are all (including collective2) saying the same thing. Autotrading requires registration. "You can't ... issue trading instructions to their brokers. Otherwise you cross the line from publishing, which is allowed, to asset-management, which requires...

Where did you get that idea? I just looked at http://www.collective2.com/faq.htm and they agree with what I posted: "Do I need to register with the CFTC or the SEC in order to sell my trading advice? Do I need some kind of license to start a trading system?" If you are an American...

What's illegal about it? IMO, there is nothing wrong (legally) with giving trading discretion to someone else. If that's a newsletter service that does so for pay, so what? Of course the newsletter/owner itself must be a registered investment advisor and/or other registrations with SEC and...

I would appreciate any comments on the reliability of Fidelity trade data from active users. It seems that you must download throughout the year since an annual download is not available. And if I am not mistaken, they are messing with the cost of the stocks for 30 days after a sale to...