Posts tagged as:

CPO hedge fund

Qualified Eligible Person (QEP) Definition

December 24, 2009

The securities laws can be written obtusely and the definition of a qualified eligible person (QEP) may be one of the best examples of this.  There is no quick and easy definition of a what a QEP is so we are trying to make it as easy as possible to understand.  This post discusses the [...]

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CTA and CPO Registration and Compliance Guide

October 15, 2009

Practical guidance for CTA and CPO firms
Commodity Trading Advisors (CTAs) and Commodity Pool Operators (CPOs) have been contacting me with greater regularity and we have decided to provide those firms with more detailed information on their registration and compliance requirements. Over the course of the next few weeks we will be continually updating [...]

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NFA Rule Compliance Rule 2-45 Approved

September 26, 2009

CPOs Prohibited From Taking Loans From Commodity Hedge Funds
The CFTC just recently approved a new NFA compliance rule which prohibits commodity pool operators (CPOs) from taking loans from the commodity pools which they manage. Additionally, if a CPO currently has some sort of a loan arrangement with their fund, such CPO will have until [...]

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NFA Cracks Down on CPO Fraud with New Compliance Rule

May 29, 2009

Proposes Amendments to Compliance Rule 2-45
The National Futures Association (NFA) proposed new amendments to Compliance Rule 2-45 regarding prohibition of loans by pools to commodity pool operators and related parties.  The amendment states that no Member CPO may permit a commodity pool to use any means to make a direct or indirect loan or advance [...]

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CPOs and CTAs Now Submit Disclosure Documents Electronically

April 7, 2009

NFAs Electronic Filing System Went Live Yesterday
The NFAs new electronic filing system for CPO and CTA disclosure documents went live yesterday.  All NFA members are required to use the electronic system for filing their disclosure documents.   While I have not yet used the new system, it is expected to be a big improvement over the [...]

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Two Separate CPOs Subject to NFA Action

February 10, 2009

In two separate actions the NFA has effectively shut down two separate Commodity Pool Operators who were operating in the Northeast.  The press releases are reprinted below.
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For Immediate Release
NFA takes emergency enforcement action against New York commodity pool operator
February 9, Chicago - National Futures Association (NFA) announced today, that it has taken an emergency enforcement [...]

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CPO Annual Report Guidance

January 27, 2009

CFTC Release Provides Guidance on Annual Report Requirements
CFTC Rule 4.22(c) requires commodity pool operators to provide each investor in the commodity pool with certain information on an annual basis.  These Annual Reports must be provided to investors (generally in hard copy) within 90 days of the end of the CPO’s fiscal year (generally the calendar [...]

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Annual Reminder for CPOs and CTAs

January 20, 2009

Commodity Firms Need to Complete Annual Regulatory Information

The NFA recently released a regulatory reminder to firms which are registered as commodity pool operators and/or commodity trading advisors.  The reminder reminds CPOs and CTAs that there are certain annual regulatory items which a firm must complete in order to remain in good standing with the NFA.  [...]

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Former CFTC Chairman on Hedge Funds

November 18, 2008

I just came across this speech by a former Acting Chairman of the CFTC.  The speech discusses Commodity Pool Operators in the context of hedge funds.  The original speech can be found here.

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