InvestorsHub Logo
Followers 54
Posts 5555
Boards Moderated 0
Alias Born 04/06/2006

Re: nicehit post# 4233

Friday, 06/20/2008 2:28:55 PM

Friday, June 20, 2008 2:28:55 PM

Post# of 16405
Had a chance to get some information from Errol. I'll post a bit more later today but for now this might help. Each trading system has to be approved by the NFA. So every trading system must have it's own disclosure documents submitted and approved before they can trade their own money or investor money with it.

Here is the NFA disclosure document link detailing what needs to be included. http://www.nfa.futures.org/compliance/publications/dd2001/DD2005.pdf

I believe that 141 currently has three trading systems, other than SWARM and are working on a forth. I'll double check but I think that Errol was expecting approval by mid June...or there about.





The secret to profitable investing is to buy into well-run companies at the beginning of their earnings growth cycle—before Wall Street takes notice and bids up the stock price.
My opinions are my own. You have to decide and do what's best for you.

The secret to profitable investing is to buy into well-run companies at the beginning of their earnings growth cycle—before Wall Street takes notice and bids up the stock price.
My opinions are my own. You have to decide and do what's best for you.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.