DepthTrade: Why can he solicit client funds WITHOUT trackrecord / Registration ?

[Depth Trade]

BSd, it is you who is avoiding my question.

What do you do for an income?

It's a simple question, answer it.

Answer this and I'll prove who the real con-man is.

 

[BSD]

Lol DT, nobody cares about you or whatever questions you may pretend to have or not, this is exclusively about YOU soliciting client funds here WITHOUT fulfilling ANY of the legal requirements for that.

Can we please get a stance from T2W as to why DT is soliciting client funds here without fulfilling any of the legal requirements please.

This is just too silly.

 

[Depth Trade]

BSd, it is you who is avoiding my question.

What do you do for an income?

It's a simple question, answer it.

Looks like I have you now little boy, your too embarassed to answer the question.

lol, you won't even answer what you derive income from :clap:

I got you now BSD, it is you who is conning people.

 

[BSD]

LOL, I trade for a living as most of the people I know here are perfectly aware of.

But thats just your typical smoke and mirrors again, a feeble attempt to divert away from the actual topic:

YOU soliciting client funds here without fulfilling the legal requirements of

an audited track record

NOR

FSA registration !

 

[Depth Trade]

LOL, I trade for a living as most of the people I know here are perfectly aware of.

holy sh!t, this funny

Ha,ha, I laughing so hard I can hardly sit up straight.

Yeah ,sure little boy. That's why you let 3bln walk away right?

You truly are an idiot and a liar BSD

 

[BSD]

LOL,

WHERE is your audited track record ?

WHERE is your FSA registration ?

Why are you breaking the law by soliciting clients here without fulfilling the regulatory requirements ?

 

[arabianights]

Anyone stupid enough to give him money pretty much deserves what they get.

If it bothers you that much inform the FSA. Doubt they're busy at the moment.

 

[Depth Trade]

Anyone stupid enough to give him money pretty much deserves what they get.

If it bothers you that much inform the FSA. Doubt they're busy at the moment.

?
How dare you speak of me this way.

I am the only one profitable on this forum.

 

[BSD]

?
I am the only one profitable on this forum.

LOL !

Such a statement is nothing but pathetic and, worse, quite frankly simply deranged.

Arabia, I just started this thread because DT started to send me totally offensive PM's out of the blue today.

I just got fed up when I saw the abuse DT started heaping on that hedge fund guy, just because the hedge fund guy wanted a track record, and DT doesn't have one, so he starts abusing the hedge fund guy like some total lunatic instead.

 

[Depth Trade]

holy sh!t, this funny

Ha,ha, I laughing so hard I can hardly sit up straight.

Yeah ,sure little boy. That's why you let 3bln walk away right?

You truly are an idiot and a liar BSD

Still laughing.

 

[Depth Trade]

Arabia, I just started this thread because the guy was starting to send me totally offensive PM's out of the blue today.

I just got fed when I saw the abuse DT started heaping on that hedge fund guy, just because the hedge fund guy wanted a track record, and DT doesn't have one, so he starts abusing the hedge fund guy like some total lunatic instead.

Lying rarely gets one far. You need to mind your own business and quit harrassing people.

Your harrassing me across varias threads, going as far as starting fraudulent threads about me.

Your the one acting like a lunatic.

 

[BSD]

?
I am the only one profitable on this forum.

Pathetic and deranged, such a statement !

Get real for a change, get an audited track record, and the respective regulatory registration if you want to solicit client funds in the EU or the US !

 

[Depth Trade]

Get an audited track record, and the respective regulatory registration if you want to solicit funds in Europe or the US !

I don't send people statements or certification.

I don't let people back-engineer my positions.

If someone is actually trading and has an account, they'll know in the first week how capable I am.

If someone wants statements, they can look over 2-3 years of live work I have done.


I'm real and my work speaks for it's self, zero complaints.

If you want a track record, come to me with an account and we'll work together and build it up, if you don't, your not real and I don't care.

 

[BSD]

I don't send people statements or certification.

I don't let people back-engineer my positions.

If someone is actually trading and has an account, they'll know in the first week how capable I am.

If someone wants statements, they can look over 2-3 years of live work I have done.


I'm real and my work speaks for it's self, zero complaints.

If you want a track record, come to me with an account and we'll work together and build it up, if you don't, your not real and I don't care.

What complete and utter and total BS whose sole intent is to spread smoke and mirrors.

Because the world of trading OPM is filled with crooks and incompetent losers the rules and regulations are totally clear and perfectly unequivocable:

FIRST you get the audited track record AND registration.

THEN you solicit client funds.

Everything else is illegal, and rightly so !

 

[Depth Trade]

Pathetic and deranged, such a statement !

Get real for a change, get an audited track record, and the respective regulatory registration if you want to solicit client funds in the EU or the US !

BSd, you talk alot of trash for someone that could not direct TF towards a competent trader.

Your full of sh!t.

 

[Depth Trade]

What BS.

The rules and regulations are clear:

FIRST you get the audited track record AND registration.

THEN you solicit client funds.

How would you know? You couldn't make a dime, even when your parents died and left you an inheritance.

You know jack about this market.

 

[BSD]

"Commodity Pool Operators and Commodity Trading Advisors

All commodity pool operators (CPOs) and commodity trading advisors (CTAs) must register, unless they are excluded or exempted from registration.

Commodity Pool Operator Requirements

Although individual pools operated by a CPO are not required to register, the CPO has certain responsibilities with respect to each pool it operates.

For each pool, a CPO must:

prepare and distribute a disclosure document;
distribute periodic account statements;
prepare and distribute audited annual financial reports; and
keep specified records concerning the participants, transactions, and operations of each pool, as well as records regarding transactions of the CPO and its principals.
Part 4 of the CFTC’s regulations specifies the information that must be included in disclosure documents, account statements, and annual reports, the time frames within which they must be provided, and the specific records that a CPO must maintain.

Disclosure documents for CPOs, and annual financial reports for commodity pools, must be filed with National Futures Association (NFA).

Guidance for CPO Annual Reports

Commodity Trading Advisor Requirements

CTAs that manage accounts must distribute disclosure documents, and maintain specified records relating to their activities and clients. These requirements are also discussed in Part 4 of the Commission’s regulations.

Disclosure documents for CTAs must be filed with NFA.

For both CPO and CTA disclosure documents:

NFA publishes a guide, Disclosure Documents: A Guide for CPOs and CTAs (PDF), to disclosure documents for CPOs and CTAs.

An expedited, or “instant,” filing procedure may be available for CPO and CTA disclosure documents. CFTC Letter 95-44 (April 20, 1995) details this procedure."
Commodity Pool Operators and Commodity Trading Advisors

From the disclosure doc PDF from the above link:


REQUIRED PERFORMANCE DISCLOSURES

With the exception of proprietary trading results, the CTA must disclose
the actual performance of all accounts directed by the CTA and by each
of its trading principals.

Trading principals are defined as any principal of
the CTA who participates in making trading decisions for the CTA’s clients or who supervises or selects persons so engaged.

All performance information
presented in the Document must be current as of a date not more than three
months preceding the date of the Document.

All required performance
information must be presented for the most recent five calendar years and
year-to-date or for the life of the trading program or account, if less than five
years.

If the CTA or its trading principals previously have not directed any
accounts, the trading advisor must prominently disclose this fact with one of
the following statements, as applicable:

(1) THIS TRADING ADVISOR PREVIOUSLY HAS NOT DIRECTED ANY
ACCOUNTS; or

(2) NONE OF THE TRADING PRINCIPALS OF THIS TRADING ADVISOR
HAS PREVIOUSLY DIRECTED ANY ACCOUNTS; or

(3) NEITHER THIS TRADING ADVISOR NOR ANY OF ITS TRADING
PRINCIPALS HAS PREVIOUSLY DIRECTED ANY ACCOUNTS.

If the CTA is a sole proprietorship, reference to its trading principals need
not be included in the prescribed statement.

PERFORMANCE OF THE OFFERED TRADING PROGRAM

The performance of the offered trading program must be identified as
such and separately presented first.

Unless such presentation would be
misleading, the performance of accounts traded pursuant to the same trading
program may be presented in composite form. Accounts that differ materially
with respect to rates of return (ROR) may not be presented in the same
composite. All material differences among accounts included in the compos-
ite must be disclosed.

The past performance of the offered trading program must include monthly
RORs for the five most recent calendar years and year-to-date, either in a
numerical table or in a bar graph, and annual and year-to-date RORs for the
same time period.

The disclosure of the past performance of the offered
trading program must also include the following additional information:

• The name of the CTA or other person trading the account and the name
of the trading program.

• The date on which the CTA or other person trading the account began
trading client accounts.

• The date when client funds began being traded pursuant to the offered
trading program.

• The number of accounts directed by the CTA or other person trading
the account pursuant to the trading program specified, as of the date
of the Document.

• The total assets under the management of the CTA or other person
trading the account, as of the date of the Disclosure Document.

• The total assets traded pursuant to the trading program specified, as
of the date of the Document.

• The largest monthly draw-down experienced by the trading program
during the most recent five calendar years and year-to-date expressed as a
- 8 -
percentage, as well as the month and year of the draw-down. A
definition of the term draw-down must be included in the capsule.

• The worst peak-to-valley draw-down experienced by the trading pro-
gram during the most recent five calendar years and year-to-date, as well
as the period the draw-down occurred. The period begins with the peak
month and year and ends with the valley month and year.

• The number of accounts traded pursuant to the offered trading
program that were opened and closed during the period with positive
net performance as of the date the accounts were closed.

• The range of returns experienced by these accounts.

• The number of accounts traded pursuant to the offered trading program
that were opened and closed during the period with negative net
performance as of the date the accounts were closed.

• The range of returns experienced by these accounts.

• Any past performance presentation must be preceded with the
following statement, prominently displayed: PAST PERFORMANCE IS
NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
All performance information must be supported by the following amounts,
calculated on an accrual basis of accounting in accordance with generally
accepted accounting principles:

• The beginning net asset value (BNAV) for the period, which shall repre-
sent the previous period’s ending net asset value (ENAV);

• All additions, whether voluntary or involuntary, during the period;

• All withdrawals and redemptions, whether voluntary or involuntary,
during the period;

• The net performance for the period, which shall represent the change in
the net asset value net of additions, withdrawals, redemptions, fees and
expenses;

• The ENAV for the period, which shall represent the BNAV plus or minus
additions, withdrawals and redemptions,and net performance; and

• The ROR for the period, computed on a compounded monthly basis.

SAMPLE PERFORMANCE CAPSULE

Below is a sample performance capsule for an offered trading program:

Name of CTA: Sample CTA

Name of Trading Program: Offered Trading Program

Inception of Trading by CTA: January 1, 1986

Inception of Trading in Offered Program: January 1, 1989

# of accounts currently traded pursuant
to the program as of 2/29/04: 123

Total nominal assets under management
as of 2/29/04: $30,673,000

Total nominalassets traded pursuant to the
program as of 2/29/04: $21,746,000

Largest monthly draw-down: 16.87%/June 2001

Worst peak-to-valley draw-down: 30.34%/May 2001
through August 2001

Number of profitable accounts
that have opened and closed: 32

Range of returns experienced by
profitable accounts: 1.32% - 19.78%

Number of losing accounts that
have opened and closed: 7

Range of returns experienced by
unporfitable accounts: -.43% - -24.53%

Continued:
National Futures Association - NFA is a regulatory service provider for the derivatives markets

Again:

Why can someone like Depth Trade solicit client funds here at T2W when not a SINGLE of those US Government requirements for money managers is available ???

UK FSA regulations will not be too different.
__________________

 

[Depth Trade]

"Commodity Pool Operators and Commodity Trading Advisors

All commodity pool operators (CPOs) and commodity trading advisors (CTAs) must register, unless they are excluded or exempted from registration.

Commodity Pool Operator Requirements

Although individual pools operated by a CPO are not required to register, the CPO has certain responsibilities with respect to each pool it operates.

For each pool, a CPO must:

prepare and distribute a disclosure document;
distribute periodic account statements;
prepare and distribute audited annual financial reports; and
keep specified records concerning the participants, transactions, and operations of each pool, as well as records regarding transactions of the CPO and its principals.
Part 4 of the CFTC’s regulations specifies the information that must be included in disclosure documents, account statements, and annual reports, the time frames within which they must be provided, and the specific records that a CPO must maintain.

Disclosure documents for CPOs, and annual financial reports for commodity pools, must be filed with National Futures Association (NFA).

Guidance for CPO Annual Reports

Commodity Trading Advisor Requirements

CTAs that manage accounts must distribute disclosure documents, and maintain specified records relating to their activities and clients. These requirements are also discussed in Part 4 of the Commission’s regulations.

Disclosure documents for CTAs must be filed with NFA.

For both CPO and CTA disclosure documents:

NFA publishes a guide, Disclosure Documents: A Guide for CPOs and CTAs (PDF), to disclosure documents for CPOs and CTAs.

An expedited, or “instant,” filing procedure may be available for CPO and CTA disclosure documents. CFTC Letter 95-44 (April 20, 1995) details this procedure."
Commodity Pool Operators and Commodity Trading Advisors

From the disclosure doc PDF from the above link:


REQUIRED PERFORMANCE DISCLOSURES

With the exception of proprietary trading results, the CTA must disclose
the actual performance of all accounts directed by the CTA and by each
of its trading principals.

Trading principals are defined as any principal of
the CTA who participates in making trading decisions for the CTA’s clients or who supervises or selects persons so engaged.

All performance information
presented in the Document must be current as of a date not more than three
months preceding the date of the Document.

All required performance
information must be presented for the most recent five calendar years and
year-to-date or for the life of the trading program or account, if less than five
years.

If the CTA or its trading principals previously have not directed any
accounts, the trading advisor must prominently disclose this fact with one of
the following statements, as applicable:

(1) THIS TRADING ADVISOR PREVIOUSLY HAS NOT DIRECTED ANY
ACCOUNTS; or

(2) NONE OF THE TRADING PRINCIPALS OF THIS TRADING ADVISOR
HAS PREVIOUSLY DIRECTED ANY ACCOUNTS; or

(3) NEITHER THIS TRADING ADVISOR NOR ANY OF ITS TRADING
PRINCIPALS HAS PREVIOUSLY DIRECTED ANY ACCOUNTS.

If the CTA is a sole proprietorship, reference to its trading principals need
not be included in the prescribed statement.

PERFORMANCE OF THE OFFERED TRADING PROGRAM

The performance of the offered trading program must be identified as
such and separately presented first.

Unless such presentation would be
misleading, the performance of accounts traded pursuant to the same trading
program may be presented in composite form. Accounts that differ materially
with respect to rates of return (ROR) may not be presented in the same
composite. All material differences among accounts included in the compos-
ite must be disclosed.

The past performance of the offered trading program must include monthly
RORs for the five most recent calendar years and year-to-date, either in a
numerical table or in a bar graph, and annual and year-to-date RORs for the
same time period.

The disclosure of the past performance of the offered
trading program must also include the following additional information:

• The name of the CTA or other person trading the account and the name
of the trading program.

• The date on which the CTA or other person trading the account began
trading client accounts.

• The date when client funds began being traded pursuant to the offered
trading program.

• The number of accounts directed by the CTA or other person trading
the account pursuant to the trading program specified, as of the date
of the Document.

• The total assets under the management of the CTA or other person
trading the account, as of the date of the Disclosure Document.

• The total assets traded pursuant to the trading program specified, as
of the date of the Document.

• The largest monthly draw-down experienced by the trading program
during the most recent five calendar years and year-to-date expressed as a
- 8 -
percentage, as well as the month and year of the draw-down. A
definition of the term draw-down must be included in the capsule.

• The worst peak-to-valley draw-down experienced by the trading pro-
gram during the most recent five calendar years and year-to-date, as well
as the period the draw-down occurred. The period begins with the peak
month and year and ends with the valley month and year.

• The number of accounts traded pursuant to the offered trading
program that were opened and closed during the period with positive
net performance as of the date the accounts were closed.

• The range of returns experienced by these accounts.

• The number of accounts traded pursuant to the offered trading program
that were opened and closed during the period with negative net
performance as of the date the accounts were closed.

• The range of returns experienced by these accounts.

• Any past performance presentation must be preceded with the
following statement, prominently displayed: PAST PERFORMANCE IS
NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
All performance information must be supported by the following amounts,
calculated on an accrual basis of accounting in accordance with generally
accepted accounting principles:

• The beginning net asset value (BNAV) for the period, which shall repre-
sent the previous period’s ending net asset value (ENAV);

• All additions, whether voluntary or involuntary, during the period;

• All withdrawals and redemptions, whether voluntary or involuntary,
during the period;

• The net performance for the period, which shall represent the change in
the net asset value net of additions, withdrawals, redemptions, fees and
expenses;

• The ENAV for the period, which shall represent the BNAV plus or minus
additions, withdrawals and redemptions,and net performance; and

• The ROR for the period, computed on a compounded monthly basis.

SAMPLE PERFORMANCE CAPSULE

Below is a sample performance capsule for an offered trading program:

Name of CTA: Sample CTA

Name of Trading Program: Offered Trading Program

Inception of Trading by CTA: January 1, 1986

Inception of Trading in Offered Program: January 1, 1989

# of accounts currently traded pursuant
to the program as of 2/29/04: 123

Total nominal assets under management
as of 2/29/04: $30,673,000

Total nominalassets traded pursuant to the
program as of 2/29/04: $21,746,000

Largest monthly draw-down: 16.87%/June 2001

Worst peak-to-valley draw-down: 30.34%/May 2001
through August 2001

Number of profitable accounts
that have opened and closed: 32

Range of returns experienced by
profitable accounts: 1.32% - 19.78%

Number of losing accounts that
have opened and closed: 7

Range of returns experienced by
unporfitable accounts: -.43% - -24.53%

Continued:
National Futures Association - NFA is a regulatory service provider for the derivatives markets

Again:

Why can someone like Depth Trade solicit client funds here at T2W when not a SINGLE of those US Government requirements for money managers is available ???

UK FSA regulations will not be too different.
__________________

Why because out of 500k traders, I'm the only one who has proven to be profitable.

Understand that BSD?

You'll never meet someone like me again. Lose me from this site and I'll never be replaced.

Don't hate me for that comment, it is the truth though.

Force me off this site and westerncivlilization will take a back seat to the rest of the world.

So BSD ask yourself this question, is your own self-absorbtion worth a loss to your people.

Are you willing to sqeeze out US,uk, german interests just to satisfy your insecurities of your accomplishments.


You think your the center of the world? You stupid Fck!

 

[BSD]

Why because out of 500k traders, I'm the only one who has proven to be profitable.

Understand that BSD?

You'll never meet someone like me again. Lose me from this site and I'll never be replaced.

Don't hate me for that comment, it is the truth though.

Force me off this site and westerncivlilization will take a back seat to the rest of the world.

So BSD ask yourself this question, is your own self-absorbtion worth a loss to your people.

Are you willing to sqeeze out US,uk, german interests just to satisfy your insecurities of your accomplishments.


You think your the center of the world? You stupid Fck!

LOL !

Unbelievably pathetic and frankly nothing than delusional from a guy without an audited track record acting against all rules and regulations required for trading the client funds that you are soliciting here.

But OK, that really says it all about yourself.

Have fun with yourself.

 

[Depth Trade]

LOL !

Unbelievably pathetic and frankly nothing than delusional from a guy without an audited track record acting against all rules and regulations required for trading the client funds that you are soliciting here.

But OK, that really says it all about yourself.

Have fun with yourself.

Bsd, I'll answer your question.

Do you think the Chinese, indian care?

Were about to lose everything and I'm doing everything within my powers to stay on top. If you don't understand this, you have no idea what were up against.

We have nothing, being able to manage our own funds is the last thing we'll have.


BSD, your only squeezing yourself out of the market.