CTA or not to CTA

ChrisM · Oct 17, 2006

Quote from jessie:

You will also have to register the CTA with NFA which is $1000 in addition to your own registration, but the whole process is really pretty cheap to get things set up.
Jessie

Current Annual NFA Membership Fee for CTA is $750.

jessie · Oct 17, 2006

Thanks for the current figure, it does change a bit from time to time with the "fortunes" of the NFA.
Jessie

foo · Oct 19, 2006

One more thing.....

what is the CTA accounting software of choice? Does anybody use Excel? I realize most is done by an outside source but, just looking for some ideas to begin with.

Thanks

moneymoneymoney · Oct 19, 2006

I use Trade Depot for my CTA practice.

http://www.technicominc.com/

foo · Oct 19, 2006

Thanks money.....looks great. It is exactly what I am looking for. How long have you used it?

ChrisM · Oct 19, 2006

Quote from moneymoneymoney:

I use Trade Depot for my CTA practice.

http://www.technicominc.com/

Which Depot gives all necessary reports/accounting ? Do you use support ?

OddTrader · Jan 30, 2007

How about if someone says/ claims that (s)he was once a registered CTA in the past, however without giving a real name for people to check/ verify against the CTA registrar, what could CFTC/ NFA/ people do about it?

Nothing?

Is that legal?

ChrisM · Jan 30, 2007

Quote from OddTrader:

How about if someone says/ claims that (s)he was once a registered CTA in the past, however without giving a real name for people to check/ verify against the CTA registrar, what could CFTC/ NFA/ people do about it?

Nothing?

Is that legal?

If he/she is out of NFA/CFTC status, he/she cannot claim any connection with NFA/CFTC.

Therefore such person should be considered as not registered by prospective investors.

Regarding possible violating regulations - you may report such case to NFA. They have limited power over non-NFA members, however intentional misrepresentation regarding advisor`s status with US regulatory bodies is, as far as I know, illegal.

OddTrader · Jan 30, 2007

Quote from ChrisM:

If he/she is out of NFA/CFTC status, he/she cannot claim any connection with NFA/CFTC.

Therefore such person should be considered as not registered by prospective investors.

Regarding possible violating regulations - you may report such case to NFA. They have limited power over non-NFA members, however intentional misrepresentation regarding advisor`s status with US regulatory bodies is, as far as I know, illegal.

Thanks ChrisM.

The quote below is what I got so far from another public forum.

Q

OddTrader,

What would be the point of a false name that can't be verified? Won't get you far. If you did this, it would probably constitute deception, and you'd be prosecuted. Get this stupid idea out of your head before you become unstuck.

Grant.

UQ