any non-licensed person can oversee up to 14 accounts (not people, accounts) of a limited aggregate size before series 3 licensing is required do you honestly think my broker and clearing firm would permit such flagrant violations? do you seriously think I don't know the legalities involved AND operate within the parameters of my broker AND clearing firm? what a freakin' moron you are. seriously dude, you take the prize here. I thought your sitting thru 20-pt ES moves to catch a 1-pt paper call was the epitome of moronic. once again, I was proven wrong
Your proof will be submitted and I am dead serious. This is not about me and my trading. This is about your unethical sales practice. As for your broker permission, that too will be deliver to the cftc and nfa complaint sites. There is a case where the clearing house permitted non registered person to managed funds. That clearing house is Alaron Trading Corporation: http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0223154&case=08-10&contrib=CFTC According to the case, The U.S. Commodity Futures Trading Commission (CFTC) announced today the issuance of an order filing and simultaneously settling charges against Alaron Trading Corporation (Alaron), of Chicago, IL, a registered futures commission merchant. The order requires Alaron to pay a civil monetary penalty of $180,000 and restitution of $119,295.14 to customers. Alaron must also strengthen its supervisory system for overseeing its associated personsâ (APs), employeesâ and agentsâ sales solicitations and maintenance of customer accounts traded by third parties. Specifically, the CFTC order, entered on April 18, 2008, finds that from at least July 2004 until February of 2006, Alaron failed to supervise diligently its employees in their handling of certain accounts managed by an unregistered commodity trading advisor (CTA), as well as certain other accounts in which they allowed unauthorized trading of customer accounts by an introducing broker (IB). an unregistered CTA was managing 14 clients.
you are even more stupid than I first thought. go ahead and report whatever you want to whomever you want, and please do that today. do not wait one more minute before taking immediate action I look forward to your results, and your real name & address attached to the filed complaint
I believe that case says the unregistered CTA was managing 25 accounts. Austin is correct; it doesn't appear that he is doing anything in violation of NFA or CFTC.
You still need to register as an exempt fund and file your offering and all other paperwork, I do not know if that would reflect on your status but I will call the NFA and find out, they are very helpfull. You can also not advertise, you are in a grey area even talking about it here as a former sponsor and a known vendor. I have not seen you resort to personal attacks in awhile but now you are sounding like puretick dude. I think most have been civil and simply seeking facts here, defend yourself fine, but civill discourse, please.
As if some anonymous internet moron thinks he can actually wield some kind of power in a chatroom message board. Seriously, all kidding aside... I have really seen it all now. What depths of immaturity and stupidity can this website sink to next? What ever happened to the legions of serious, veteran traders who used to post actively here? Anyone care to guess? I'd opine threads just like this would be the first clue.
I'm defending myself from flagrant false accusations. I full-well know 100% the parameters of my affairs. I'm not advertising anything because no open spaces are available for anyone. Nothing is offered for sale or access. I have paperwork in place between all parties, including clearing firm and broker... said paperwork provided by them. How would you react to being slandered in public when you know the facts stone cold?
i think that what alaron and the unregistered cta did was, knowing the limit is 14, they had to wait another account closed in order to add more new accounts. That will look good for the audit. They have been doing that since 2004-2006.
there is a difference between "civil" and unfounded accusations = slander. if the OP accepts my suggestion to file complaints and follow it up, I wholeheartedly invite the scrutiny. It will start with my clearing firm and broker, then to me. NFA and CTFC are free to call or contact anyone involved at any time. does anyone here think I'm not aware of and accepting of that? first & foremost the OP and his ignorant arrogance of such false accusations? please!