Commodity options and futures trading commission wiki
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Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Market data by Xignite. In , the CFTC adopted the first comprehensive regulation for commodity trading advisors, which was later strengthened by additional rules in and Under the Commodity Exchange Act , CTAs must register with and conform to the regulations of the CFTC, including providing records and reports, unless they meet the Commission's criteria for exemption.
Under the Commodity Exchange Act qualifying individuals may be exempted from CTA registration with the CFTC, including if their primary business is not as a CTA, they are registered with the Securities and Exchange Commission as an investment advisor, and if they have not provided trading advice to more than 15 persons.
If an individual is exempt from registration, they must still file with the NFA. Nonetheless, exempt CTAs are still regulated in some form. They additionally need to file a public notice disclosing their existence and exempt status. They must provide an offering memorandum to their investors, as well as a quarterly account statement and an annual report. These reports are used for market surveillance as well as for investigations or litigation cases.
The CFTC also increased disclosure requirements and amended the registration criteria. If a commodity trading advisor engages in significant advisory activities regarding securities, it could be required to register under the Investment Advisers Act of Advisers Act. However, most commodity trading advisors are able to rely on an exemption from registration set forth in Section b 6 of the Advisers Act. This exemption is available to registered commodity trading advisors whose business does not consist primarily of acting as an investment adviser.
From Wikipedia, the free encyclopedia. Hedge Funds and Other Private Funds: Regulation and Compliance Edition. Cornell University Law School. Retrieved 7 June Retrieved 4 June Encyclopedia of Alternative Investments. Retrieved 15 May Measuring the impact of trend following in the CTA space". Retrieved 16 May Retrieved 5 June Washington and Lee Law Review.
Retrieved 29 May Commodity Futures Trading Commission. Handbook of Hedge Funds. Retrieved 13 June