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Is it illegal to open up a small Forex hedge fund?

forex29 Is it illegal to open up a small Forex hedge fund?
MercedesGuy300 asked:


I am a private Forex trader who wants to expand into a small online hedge fund. Note: This is not code for a pyramid scheme or ponzi scheme. I am talking about trading real money.

What is the legality on this? How much money can I trade before having to register with U.S. Securities?

William

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