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alliecorp

06/20/08 2:28 PM

#4235 RE: nicehit #4233

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.





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