Commodity Pool Regulatory Overview
December 7, 2006
This outline is designed to provide a person who is interested in creating a commodity pool with a basic outline and checklist of the issues to be considered. A commodity pool is an investment vehicle (including a hedge fund) that pools the funds of several investors for the purpose of trading futures or options. A commodity pool can take on a variety of forms, and depending on the attributes of a particular pool, may be subject to regulation by the CFTC, NFA, SEC, and/or various state agencies. The manager of a commodity pool is known as a commodity pool operator (“CPO”). The basic regulations applicable to CPOs are also summarized in this outline, including investment adviser regulations.
The article is available as a PDF using the link below.