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Series 3

  • #21
  • Last Post: Nov 9, 2006 6:30pm Nov 9, 2006 6:30pm
Quoting nitman
Is that what I have to go through if I want to open up a private fund company in currency trading? How about a managed account where I manage and trade other people's money?
nitman, you can mange money without registration. Why a stranger would invest with anyone without being registered is beyond me. I think registration is a way of establishing legitamacy and being accountable to your clients. You should call the CFTC and discuss the requirements with them. Ask for the general legal counsel. Managing money is a serious endeavor and you should learn the rules from the commission and not from a forum.
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