Do you required ato be licenced as Introducing Brokers?
Aug 08, 2007 by easy2inc | Posted in United States
I an a non-US In residence. I intend to form a Delaware LLC for a partnership as introducing brokers for an online forex trading house. I have a marketing website to store to US residents. My questions:
1. Do I require a US entitlement?
2. Do I have to pay tax for the income paid to me (via my Delaware LLC) by the forex trading quarter?
There is no empower requirement to be an Introducing Broker for a Forex broker in the stigma Forex marketplace.
Your Delaware LLC will be responsible for paying any taxes on the referal proceeds received. This will of course be at the corporate fee as opposed to the higher individual tax sort.
We aim to succour new and seasoned forex traders find the best brokers at one's disposal and share some of our most proven strategies for low-gamble, high ...
Mallon P.C. Announces Creation of Easy-to-Use NFA Self-Exam Checklists
10.02.10
Hedge Wherewithal Law Firm creates NFA required self-search checklists to assist all types of CFTC registered managers. The checklists can be downloaded online at http://www.hedgefundlawblog.com/
San Francisco, CA (PRWEB) February 9, 2010 — In an travail to better serve firms registered with the Commodity Futures Trading Commission (“CFTC”), Mallon P.C. has developed a set of steady-to-use checklists to help investment managers replace proper National Futures Relationship (“NFA”) compliance procedures.
All NFA Associate Firms must complete a self-search of their compliance procedures on a yearly point of departure and Mallon P.C. aims to make the approach more accessible and efficient to such firms. The checklists created by Mallon P.C. group a general checklist for all NFA Member Firms as well as special to checklists for the following CFTC registration categories: Commodity Combine Operators, Commodity Trading Advisors, Futures Commission Merchants, and Introducing Brokers. Mallon P.C. has also created a way for managers to erect notes on potential compliance issues and to "depone" that they have completed the annual condition. The goal of the checklists and supporting materials is to stock up managers with an easy solution to keeping compliance regular and up-to-date.
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operation discretionary trading authority or operate pools with greetings to retail forex also will be required to register, either as introducing brokers, and more »
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In wing as well as, Introducing Brokers (IB's) and marketers will now be required to follow the same rules as “Guaranteed IB's (GIB's)” in the Futures sedulousness. At OANDA, It's Business as Usual After CFTC Leverage Rulingall 24 gossip articles »
