Hi, I am a successful currency trader (Forex) and have been approached by several individuals to start trading their money. I have always wanted to start an investment company, but am doing some research and just now learning about investment pools. This is what I want to specifically do: - Accept money from numerous clients and pool it into one trading account - Be able to accept money from non high net worth individuals. (not be a hedge fund) - Be able to trade the funds at will From what I have gathered, some things I'd most likely have to do are register a LLC, register with the NFA and obtain my series 3. This is all very hazy for me as I am new to this side of money management. Could you please advise specific steps I should take in making everything legal and protecting myself? I reside in California. Thank You
Get series 3, become a CTA, get an audited track record, go to an FCM or ECN and manage accounts through POA on a master account until you get big enough etc then maybe try and start a hedge fund or a pool later