I need some help from USA legal folks…
Recently I found possibility to trade several dozens USA based accounts through OANDA.
I need to know if it is legal for me , non USA citizen without NFA registration, to trade these accounts only based on Limited Power of Attorney?
a) is it legal to advertise for USA citizens
b) is it legal to trade such accounts
c) what is possible scenario for me to do this?
I need this info very bad… don’t want to mess up with law.
Andrew
I have the same question. Have you discovered something?
I dont know about A and B but for C you can open a limited partnership with a american then you can do business within the US. Down side you have to pay US taxes.
I’m Canadian and I have a US account with a US broker, that’s not a problem as long as you give them all the identification and paperwork they need.
As for advertising, I would be quite a bit unsure about that one. I know even hedge funds aren’t allowed to advertise.