What is a Professional Trader (Subscriber)?
Any account that is not classified as a non-professional. As a professional the account is usually charged higher fees. Classification of a non-professional subscriber is any natural person who is not registered or qualified with: • The Securities and Exchange Commission (the “SEC”) • The Commodities Futures Trading Commission • Any state securities agency • Any securities exchange or association • Any commodities or futures contract market or association A non-professional subscriber is also any natural person who is not: • Engaged as an “investment advisor” definition consistent with Section 202(a)(11) of the Investment Advisor’s Act of 1940 • Employed by a bank or other organization exempt from registration under Federal and/or state securities laws If you do not qualify as a non-professional subscriber, then you are a professional subscriber. You are considered a professional if: • Your account type is one of the following: • Corporate • Sole proprietorship • Partnership • Limited
