Commodity Pool or fund

I

Ialwayslearn

What is the maximum number of people you can have participate if you have family, friends, co-workers that want you to trade for them and still keep it simple?

When does it get "complicated" or require more legalities than just depositing their money and trading?
 
I am doing the same thing. A 3-c-7 entity is exempt under the investment company act of 1940. of course there still is filing procedures with your state(your sro). Look at your states website there is a list of them at the sec website. Here is something somewhat informative. also rules with nfa, like less than 10% of cap invested do not require you to register with them. It is alot of reading, but the reading is worth it.

http://archives1.sifma.org/market/3c7_procedures_for_book-entry_deposits.pdf

good luck!
 
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