Commodity trading advisor

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Commodity trading advisor is a regulatory term as defined under the US Commodity Exchange Act and defined as follows:

(6) Commodity trading advisor

       (A) In general

           Except as otherwise provided in this paragraph, the term 
       ``commodity trading advisor means any person who--
               (i) for compensation or profit, engages in the business 
           of advising others, either directly or through publications, 
           writings, or electronic media, as to the value of or the 
           advisability of trading in--
                   (I) any contract of sale of a commodity for future 
               delivery made or to be made on or subject to the rules 
               of a contract market or derivatives transaction 
               execution facility;
                   (II) any commodity option authorized under section 
               6c of this title; or
                   (III) any leverage transaction authorized under 
               section 23 of this title; or

               (ii) for compensation or profit, and as part of a 
           regular business, issues or promulgates analyses or reports 
           concerning any of the activities referred to in clause (i).

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From the U.S. Code Online via GPO Access [wais.access.gpo.gov] [Laws in effect as of January 3, 2005] [Document not affected by Public Laws enacted between

 January 3, 2005 and April 21, 2006]

[CITE: 7USC1a]

Individuals or organizations operating as a Commodity Trading Advisor in the United States are required to register with the National Futures Association, National Futures Association (NFA), the self-regulatory organization for futures and options markets.