MPAModel Program AdvisorsClient management & advisory platformEnroll
Regulatory status

Status, stated once

This page will carry a single plain-language statement of the adviser's registration status, and nowhere else will the adviser or any connected brand characterize it. Until registration is granted, the statement is the one below.

Model Program Advisors, LLC is a proposed entity. It is not formed, not registered with the Commodity Futures Trading Commission as a commodity trading advisor, and not a member of the National Futures Association. It does not currently provide advisory services to anyone, does not solicit clients, and makes no offer of any program. This site is a concept mockup prepared for counsel and the prospective principals.

What registration will mean

Before any client

Entity formed; Form 7-R filed with CFTC registration and NFA membership elections; Form 8-R, fingerprints, and background review for every principal and associated person; at least one associated person holding a current Series 3; NFA membership granted; a Disclosure Document accepted by NFA and no older than twelve months at delivery.

Every day after

Disclosure Document delivered and acknowledged before any agreement; promotional review under NFA Rules 2-9 and 2-29; client records under Regulation 4.33; performance presentation under Regulation 4.35 and Rule 4.41 legends; annual questionnaire and ethics training; Bylaw 1101 screening of every counterparty.

What the adviser will never be

A custodian, a pool operator, a futures commission merchant, an exchange, or a money transmitter. Clients' funds stay in clients' own accounts at regulated venues; the adviser's authority is trade-only by the client's agreement, on keys the client generates and can revoke at any time.

Placeholder Upon registration this page will read, in full: "Model Program Advisors, LLC is registered with the CFTC as a commodity trading advisor and is a member of the NFA (NFA ID [ ])."