Comments on: Thinking of Starting a Money Management Firm? http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm Answers to all of your questions about commodity trading. Tue, 07 Feb 2012 10:26:44 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Net Advisor http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm/comment-page-1#comment-1100 Net Advisor Sun, 04 Oct 2009 22:27:20 +0000 http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm#comment-1100 You do not require and can NOT have securities licenses active. Madoff was/ is a ponzi scheme. There was nothing legit about him. There is a ton of things you need to do. The biggest problem with what you want to, is not want to have people in your fund who are not "accredited investors." Details on these definitions in my 360 blog--?cq=1 If you do not want to set up a private (hedge) fund, you can always just have a separate written and signed agreement with "Trading Authorization" over a brokerage account. If your record is that good, I would set up a hedge fund. Too much to list here. I have posted this info in my prev answers somewhere. 10% of the profits? Most average managers charge 20% or more. Better managers charge 30%. I have seen as high as 5% of principle and 50% of profits. They deliver. You do not require and can NOT have securities licenses active.

Madoff was/ is a ponzi scheme. There was nothing legit about him.

There is a ton of things you need to do. The biggest problem with what you want to, is not want to have people in your fund who are not “accredited investors.”

Details on these definitions in my 360 blog–?cq=1

If you do not want to set up a private (hedge) fund, you can always just have a separate written and signed agreement with “Trading Authorization” over a brokerage account.

If your record is that good, I would set up a hedge fund. Too much to list here. I have posted this info in my prev answers somewhere.

10% of the profits? Most average managers charge 20% or more. Better managers charge 30%. I have seen as high as 5% of principle and 50% of profits. They deliver.

]]> By: wildbirdie http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm/comment-page-1#comment-1099 wildbirdie Fri, 02 Oct 2009 14:09:05 +0000 http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm#comment-1099 You don't need a 7 or 63 since you won't be selling. You will need to be a Registered Investment Adviser according to SEC rules. You don’t need a 7 or 63 since you won’t be selling. You will need to be a Registered Investment Adviser according to SEC rules.

]]> By: jeff410 http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm/comment-page-1#comment-1098 jeff410 Tue, 29 Sep 2009 21:24:05 +0000 http://commoditytradingquestions.org/commodity-trading/thinking-of-starting-a-money-management-firm#comment-1098 You will probably need a Series 6 and 66. And register with your state securities regulation agency. Contact them or finra.org. You dont need to register with the SEC unless you manage more than 25 million dollars. But you do need to register with your state. FINRA handles investment advisors. You will probably need a Series 6 and 66. And register with your state securities regulation agency. Contact them or finra.org. You dont need to register with the SEC unless you manage more than 25 million dollars. But you do need to register with your state. FINRA handles investment advisors.

]]>