Trading for pros only. Hi everybody I have a question. Lets say, there is a firm or person that is trading for business pros only. That means registered Investmentadvisors, registered HedgeFunds, CPO's, CTA's and so on. Here in Europe if you are trading for Pros only you don't have to register Whith the local authority. Based on: In Germany it is WpHG Â§ Absatz 9(2). and in Austria it is WAG Â§19 Absatz 2a. Does anybody know if there is a simmilar law for the US or UK? Thanks for all information on this topic.