Comments on: Discussion with CFTC Regarding Forex Registration http://www.hedgefundlawblog.com/discussion-with-cftc-regarding-forex-registration.html Blogging on hedge fund laws, starting a hedge fund, news and events... Thu, 05 Jan 2012 15:32:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Marc Ilgen http://www.hedgefundlawblog.com/discussion-with-cftc-regarding-forex-registration.html/comment-page-1#comment-3027 Marc Ilgen Fri, 25 Sep 2009 03:04:47 +0000 http://www.hedgefundlawblog.com/?p=2062#comment-3027 Thanks for the information. I too have been frustrated in trying to get some more specific information regarding new regulations for forex IBs. I have a question for you. A Forex IB can receive trade rebates for accounts that the IB introduces to the FCM. But is an IB the ONLY type of entity that can act as an "introducer"? More specifically, suppose an individual (and/or one person LLC) registers with the NFA as a CTA instead of an IB. (CTA requirements are MUCH less onerous than IB requirements). Is a CTA eligible to receive trade rebates from the FCM? Or is this up to the FCM itself? Suppose the LLC declares itself to be a CTA but does not register as such (claiming the "under 15 customers" exemption). In this case can the self-declared CTA still be eligible to receive trade rebates as an "introducer"? I understand this regs are still being decided, but maybe there is some guidance that can be gleaned from the futures market? Any ideas? Thanks. Thanks for the information. I too have been frustrated in trying to get some more specific information regarding new regulations for forex IBs. I have a question for you. A Forex IB can receive trade rebates for accounts that the IB introduces to the FCM. But is an IB the ONLY type of entity that can act as an “introducer”? More specifically, suppose an individual (and/or one person LLC) registers with the NFA as a CTA instead of an IB. (CTA requirements are MUCH less onerous than IB requirements). Is a CTA eligible to receive trade rebates from the FCM? Or is this up to the FCM itself? Suppose the LLC declares itself to be a CTA but does not register as such (claiming the “under 15 customers” exemption). In this case can the self-declared CTA still be eligible to receive trade rebates as an “introducer”? I understand this regs are still being decided, but maybe there is some guidance that can be gleaned from the futures market? Any ideas? Thanks.

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