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Mark,
> There is a PUBLISHING CTA - which has no Series 3 license and not much
> moral responsibility than any other private individual on earth.
>
Since you are giving out "advice" about registration, I thought I might jump
in and clarify a point. You can have a Series 3 license and be a publishing
CTA (I are both). How about registration to control non-registered
individuals who give out false information about registration?
Reeking with havoc,
Steve Karnish
Cedar Creek Trading
http://www.abbracadabra.com/cybercast/
----- Original Message -----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, December 17, 1999 8:07 AM
Subject: [RT] Re: Obtaining a CTA License
> Hello ,
>
> Actually to become a CTA you do not have to take a test at all nor
> become a Series 3 licensed broker ect.
>
> There is a PUBLISHING CTA - which has no Series 3 license and not much
> moral responsibility than any other private individual on earth.
>
> Then there is a CTA who has a Series 3 license who is held accountable
> for their actions buy a higher standard under the NFA - CFTC
> guidelines. Very -very few scammers in the industry are this type of
> CTA. They are also at a disadvantage when it comes to promotional
> materials and just general overall business practices too. They are
> usually audited by the regulatory arm of the CFTC each and every
> year(they are in business) by the NFA.
>
> I say that they are at a disadvantage when it comes to marketing
> because they have to validate their profitability where as a
> PUBLISHING CTA has no such requirements and they ARE FREE to reek
> havoc upon the unsuspecting public with outrageous claims. Not all do
> this but MANY, MANY who are advertisers in the largest magazines are.
>
>
> --
> Best regards,
> Mark Brown mailto:markbrown@xxxxxxxxxxxxx
>
>
>
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