Hello Forum,
Currently I'm an independent trader looking to make the move into managing accounts/getting qualified as a CTA.
My understanding from this thread ( http://www.forexfactory.com/showthread.php?t=212406 ) is that if an account manager were to be managing under 15 clients and have less than 250,000 AUM, as well as not be involved in soliciting clients, then that manager would not need to be registered with the NFA or CFTC as a CTA.
Given that the thread is in the ballpark of 3 years old however, I'm wondering if these allowances still apply.
Is anyone aware if there've been regulatory changes in regards to these allowances, or changes to the process in general, since the beginning of 2010?
Any information on the current state of the process of transitioning from an independent trader to a CTA managing accounts would be greatly appreciated!
CDM
Currently I'm an independent trader looking to make the move into managing accounts/getting qualified as a CTA.
My understanding from this thread ( http://www.forexfactory.com/showthread.php?t=212406 ) is that if an account manager were to be managing under 15 clients and have less than 250,000 AUM, as well as not be involved in soliciting clients, then that manager would not need to be registered with the NFA or CFTC as a CTA.
Given that the thread is in the ballpark of 3 years old however, I'm wondering if these allowances still apply.
Is anyone aware if there've been regulatory changes in regards to these allowances, or changes to the process in general, since the beginning of 2010?
Any information on the current state of the process of transitioning from an independent trader to a CTA managing accounts would be greatly appreciated!
CDM