Cta

mkhan1900 · Oct 24, 2007

If you are not a CTA can you manage others Future account and get paid for it? Provided you have less then 15 clients. I will appreciate any comments.

Thank you

Pro_Trader720 · Oct 25, 2007

Yes. The requirements were less than 15 customers, less than 250k under management, and you do not hold yourself out to the public as a CTA. The 250k may have changed, but the other info is correct.

Truff · Oct 25, 2007

Quote from mkhan1900:

If you are not a CTA can you manage others Future account and get paid for it? Provided you have less then 15 clients. I will appreciate any comments.

Thank you

Make sure you prepare a managed agreement for your clients outlining all details and risk. Very important for your protection!!

mkhan1900 · Oct 25, 2007

Is there any State Law I have to be concerned about? I am thinking about State of Virginia.

Thank you.

econometrics · Oct 16, 2009

Quote from Pro_Trader720:

Yes. The requirements were less than 15 customers, less than 250k under management, and you do not hold yourself out to the public as a CTA. The 250k may have changed, but the other info is correct.

where is the official source of this info?

nazzdack · Oct 16, 2009

Quote from econometrics:
where is the official source of this info?

miramarresearch.com

DarthSidious · Oct 16, 2009

Rulebook: http://ecfr.gpoaccess.gov/cgi/t/tex...d7&tpl=/ecfrbrowse/Title17/17cfr4_main_02.tpl
Look at various exemptions - 4.13, 4.14 etc.

TraderZones · Oct 16, 2009

Quote from mkhan1900:

Is there any State Law I have to be concerned about? I am thinking about State of Virginia.

Thank you.

there are often state laws that "investment advisors" should research. Some definitely have strong laws on the books...

4EXJOE · Oct 16, 2009

Quote from Pro_Trader720:

Yes. The requirements were less than 15 customers, less than 250k under management, and you do not hold yourself out to the public as a CTA. The 250k may have changed, but the other info is correct.

This just exempts you from NFA registration. You can charge performance or management fees if you like, but your brokerage cannot pay you out unless you're registered.

Also, is this to be pooled funds or accounts managed individually?

Trader KGB · Oct 16, 2009

Quote from 4EXJOE:

This just exempts you from NFA registration. You can charge performance or management fees if you like, but your brokerage cannot pay you out unless you're registered.

Unless IB is breaking the law, they don't have that requirement (or at least they didn't when I established an advisor account).