Simulated Prop Firm Legal Opinion to onboard US Traders
Budget: $30 – $250 USD
I already have a comprehensive legal-opinion draft, prepared by a U.S. lawyer friend, that concludes our Singapore-based “prop firm” operates purely in a simulated environment and therefore falls outside CFTC, NFA, and SEC registration requirements.
What I now need is a licensed U.S. attorney who will:
• Carefully review the draft to be sure every statement about our simulated trading environment is accurate and supportable, with particular attention to how the model avoids real-money orders and customer funds.
• Confirm that, under current U.S. law, the platform’s evaluation and funded stages are exempt from retail forex or derivatives regulations and any mandatory registration with the CFTC, NFA, or SEC.
• Issue a formal Legal Opinion Letter on your firm’s letterhead, incorporating any refinements you deem necessary after review.
The existing draft is ready for immediate transmission once we engage.
Please respond with confirmation of your active bar license, the name of the firm whose letterhead you will use, and an estimated cost along with turnaround time for both the review and issuance.
What I now need is a licensed U.S. attorney who will:
• Carefully review the draft to be sure every statement about our simulated trading environment is accurate and supportable, with particular attention to how the model avoids real-money orders and customer funds.
• Confirm that, under current U.S. law, the platform’s evaluation and funded stages are exempt from retail forex or derivatives regulations and any mandatory registration with the CFTC, NFA, or SEC.
• Issue a formal Legal Opinion Letter on your firm’s letterhead, incorporating any refinements you deem necessary after review.
The existing draft is ready for immediate transmission once we engage.
Please respond with confirmation of your active bar license, the name of the firm whose letterhead you will use, and an estimated cost along with turnaround time for both the review and issuance.