The CFTC Audit: A Managed Account Business in 1989
In 1989 three CFTC auditors camped in Michael Archer's office for a month. A true story of managed accounts, a No Action letter and the cost of compliance.
20 Jun 2025 · 5 min read
The list
One letter, when there is something to say
Charlie wrote to his students. We do the same: a new plate, a chart worth looking at, a note when a book is finished. No schedule, no sequence, no selling to you every Tuesday. Leave when you like.
We keep the list ourselves. It is never sold, rented or shared.