California CTA

Discussion in 'Professional Trading' started by TCM, Jul 2, 2006.

  1. TCM


    anyone know the rules for California regarding unregistered advisors? specifically is it 1) 15 or < client accts, and 2) $25MM or less before its necessary to register as CTA with CFTC and as NFA member? Asking b/c I think each state is different. Also, any legitimate reference websites would be much appreciated, such as where this info is located on NFA website (I couldn't find it).
  2. , , They might be of value. I haven't used them for anything. Talk to your clearing firm about setting up the proper type of account(s) based upon the number of investors and amount of assets under management too. They should be willing to do it for free based upon the commission dollars they can expect to earn from your trading. Don't waste time with lawyers & accountants who want ~$10,000 upfront to set it all up for you.