On the managed money side, the Managed Funds Association (MFA) had long ago thrown in the towel on preventing hedge fund manager registration as most assume it is a done deal. The MFA and industry leaders are looking to shape some of the changes and prevent those managers who operate as both commodity trading advisors (CTAs) and exempt hedge funds from facing multiple regulatory masters.rnDavid Matteson, partner with Drinker Biddle, says any CTA trading strictly futures would not need to register but advisors involved in both futures and securities would need to register and those only marginally involved in securities also may have to register.
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