CPO's Fund and SEC (Federal & State level)

For a CPO to setup up a commodity pool (the Fund; assuming the Fund size is more than 1M; trading nothing but futures), I understand that both the CPO and the Fund must register with CFTC/NFA.

In above case, does the CPO or the Fund need to register with SEC (either Federal or State level)?

In above case, does the CPO need to become RIA (either Federal or State level)?

Thanks.

 

Good questions. Does any one know the answers?

 

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http://www.futuresmag.com/2012/02/0...l-funds-waiting-for-green-lig?t=managed-funds

Managed futures mutual funds are regulated by both the CFTC and, pursuant to the 1940 Act, by the Securities and Exchange Commission (SEC).
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