QUESTION - If I start and operate a commodity pool, am I allowed to give a percentage of any performance allocation I earn from the pool to an individual who put me in contact with rich people that became the "seed" investors for the pool? I want to give him 10% of my allocation on a continuing basis, but he is NOT a futures industry professional, he is a movie producer and has no registration with the NFA as an "associated person". Is what I am proposing to do legal by NFA standards? And if not, how can I alter the plan to make it conform? BACKGROUND - Some of you may remember me asking questions about starting a hedge fund many months ago, proving a track record, etc. And despite some people advising me against "going pro", I still want to do it. A lot has happened to me lately. I no longer live in Canada, I currently have an address in Miami (South) Beach and will soon have a permanenet address and residency status in the Bahamas. I have also met a movie producer here in Miami who wants to partner with me on the creation of a start-up hedge fund. But I have many questions about this in terms of the regulatory nature of this industry. I plan to use the services of one of the hedge fund start-up companies locally in Miami, probably Turnkey Hedge Funds, although there is at least one other that I know about. So I know where I can get professional help. I also recently passed the Series 3 exam (89% score), so I could get registered as a CPO now with the NFA. I have made a lot of money trading both Nasdaq and S&P emini futures, and would like to run a commodity pool that also trades S&P emini futures. My main problem is that I don't personally know any millionaires. That's where my association with this movie producer comes in. He know hundreds of millionaires in the entertainment world (movies, television, music, distribution, etc) He has meetings his rich people practically every day. He and I would like to go into a partnership together. Basically he puts me in initial contact with some of the rich people he knows, and I would take it from there. We would like to raise $5 million initially to start a commodity pool, which I would manage and trade on a regular basis. The movie producer would have absolutely no involvment beyond the initial introduction, since he would not be registered with the NFA. As a reward for allowing me to tap into his vast network of rich clients to get this fund off the ground, I am more than willing to give me 10% of any performance allocation I would earn from ALL FUNDS invested in the pool at any time (not just the initial funds from seed investors). But is this legal? Would we be violating NFA rules in such an arrangements? If so, how can I alter the structure of the arrangement to make it conform to NFA standards? Can I give him a direct payout from all my future performance allocation earnings? Or can I make him a "silent partner" ina company that owns the commodity pool, thereby entitling him to a percentage of any profits that pool makes for its "owners"? Thanks for any expertise you can lend in this area.