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CFTC Staff Determines That Fund Operated by Two Brothers Alone Is Not Commodity Pool (CFTC Letter 16-34)

The CFTC Division of Swap Dealer and Intermediary Oversight decided that a fund that is owned and operated by two brothers who have full trading authority over it, that is not offered to any other person, and that trades pursuant to a proprietary futures trading strategy developed by the two brothers is not a commodity pool within the meaning of CEA Section 1a(10) and CFTC Rule 4.10(d)(1).

Primary Sources

  1. CFTC Letter 16-34

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Tags

Regulated Activities
Registration Requirement
Sub-Activity
Existence of a Pool
Regulated Entities
Adviser / CTA / CPO
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
CFTC