What is the name of your state? Idaho
Last year, my family formed a family LLC operated by the members which invests in futures commodities. Would the LLC be considered a commodity pool operator even though it is operated by all its members? I understand the CPO would be exempt from registration, but if a notice of exemption should have been filed, what are the consequences of not filing the exemption notice last year when started?
Last year, my family formed a family LLC operated by the members which invests in futures commodities. Would the LLC be considered a commodity pool operator even though it is operated by all its members? I understand the CPO would be exempt from registration, but if a notice of exemption should have been filed, what are the consequences of not filing the exemption notice last year when started?
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