From ssss To CFTC ,office of Director dcio@cftc.gov Gentlemen Author of this e-mail have some questions about CFTC responsibility. Excuse the author if questions are not relevant . Author ( to date multiple trader contest prize money winner in Germany and USA) planned to participate in different trader contest with real money in USA . Experinece of the author with different trader contest's stated about multiple legal problem's in judgement ,conditions by any art of contest's.Author expected different kind of problem's by real money CFTC related trader competitions . As example 1.contest by FXCM http://www.fxcm.com/trading-contest.jsp no any result of any contestants from 4000 is public until end of the contest (one month) To compare -by interbankfx result is public with small delay http://www.interbankfx.com/Contest/ContestResults.aspx 2. Did CFTC controlled Robbins contest ? in e-mini ? as example result of L.Williams was accepted from NFA as "...deceptive statement " http://www.robbinstrading.com/worldcup/standings.asp Can CFTC say about any prize winner ,that this have not any offset accounts ? 3. Did CFTC controlled fund manager competition ? http://www.pfgbest.com/cta/contest_details.asp Relevant comment would appreciated
Wed, 6 Feb 2008 5:12 PM ( 16 mins 41 secs ago ) Text view Print view From "Gold, Barbara S." <bgold@CFTC.gov> [Add] To ssss [Add] Cc "DCIO Internet" <dcio@cftc.gov> [Add] Subject RE: CFTC control of public trader competition Show full header In response to your inquiry below, pleased be advised that: 1. Neither the Commodity Futures Trading Commission nor any member of its staff comments on the merits of trading with any particular person; and 2. Section 4o(2) of the Commodity Exchange Act provides that: It shall be unlawful for any commodity trading advisor, associated person of a commodity trading advisor, commodity pool operator, or associated person of a commodity pool operator registered under this chapter to represent or imply in any manner whatsoever that such person has been sponsored, recommended, or approved, or that such person's abilities or qualifications have in any respect been passed upon, by the United States or any agency or officer thereof. This section shall not be construed to prohibit a statement that a person is registered under this chapter as a commodity trading advisor, associated person of a commodity trading advisor, commodity pool operator, or associated person of a commodity pool operator, if such statement is true in fact and if the effect of such registration is not misrepresented.