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Commodity Pool Operators (CPOs)

A Commodity Pool Operator (CPO) is an individual or organization which operates a commodity pool and solicits funds for that commodity pool. A commodity pool is an enterprise in which funds contributed by a number of persons are combined for the purpose of trading futures contracts or commodity options, retail off-exchange forex contracts or swaps, or to invest in another commodity pool.

CPOs are required to deliver a Disclosure Document to a prospective pool participant prior to or when it delivers the pool subscription agreement to the participant. (This does not apply when the prospective pool participant is another pool operated by the same CPO, or by a CPO who controls, is controlled by or is under common control with the CPO). More...

CPOs are also required to provide NFA and pool participants annual financial statements. In addition, CPOs are required to provide pool participants monthly or quarterly account statements. More...

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