Law firm with a cool guide. http://www.investmentlawgroup.com/guide-to-starting-a-cta-commodity-trading-advisors/
New York regulations on Investment Advisor registration... https://ag.ny.gov/sites/default/fil...estor/investment_advisor_regulations_2003.pdf
I read this about 7 mos ago, crazy how much work is involved in becoming a CTA, this one looks updates because the one i read was yellowish
Series 3 exam... https://www.kaplanfinancial.com/securities/series-3/ if you trade your own funds only.. don't need NYS registration as Investment Advisor.
Think twice before registering as a CTA. The NFA keeps adding more and more compliance burden every year making it harder and more expensive for the small guy to keep up. They have to 'protect the public' against all the scheming CTAs working from their basement offices while the Corzines of the world are never held to the letter of the law.
http://www.investmentlawgroup.com/launching-an-incubator-hedge-fund/ this seems like a good alternative too..
- MF's clients got most of their money back (93% ?). - Corzines was taken accountable and not sued by shareholders... hence a shareholder thing more than regulation/customers. - NFA/CFTC focuses on disclosures to clients, not babysitting CEOs. Just go through their enforcement lists: http://www.nfa.futures.org/news/newsActionsList.asp Please stop spreading bullshit.
A 'shareholder thing'? This was the shut down of a 200 year old trading firm because the CEO allowed the company to use segregated customer funds to feed it's liquidity crunch. Circumstances were different from PFGBest but the end result was the closure of an FCM and loss of customer funds. Wasendorf is doing 50 years in prison, Corzine is doing zero. Connection$ matter.
Registered Series 3 - taking exam March 24, filed U10 form. Filed as sole proprietorship with NFA. Once formal will stop posting online. Chris