Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
legal filing
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document outlines the exemptions from registration under the Commodity Exchange Act that Southern Financial LLC is claiming for the Access Fund, specifically regarding Commodity Pool Operator (CPO) and Commodity Trading Advisor (CTA) registration with the CFTC. It details the conditions under which these exemptions are applicable, including limitations on commodity interest positions and investor qualifications.
Metadata
- Subject
- EXEMPTION REGISTRATION UNDER COMMODITY EXCHANGE ACT
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0082532
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| ACCESS FUND | Regulatory | COMMODITY FUTURES TRADING COMMISSION | The Access Fund is subject to regulations by the CFTC. |
| GENERAL PARTNER | Regulatory Exemption | CFTC | The General Partner is exempt from registration with the CFTC as a Commodity Pool Operator (CPO) under certain rules. |
| GENERAL PARTNER | Notification | NATIONAL FUTURES ASSOCIATION | The General Partner plans to file a notice of exemption with the National Futures Association. |
Notable Quotes 2
ALTHOUGH THE ACCESS FUND IS PERMITTED TO DIRECTLY OR INDIRECTLY TRADE COMMODITY FUTURES, SWAPS AND/OR OTHER COMMODITY INTERESTS (COLLECTIVELY, "COMMODITY INTERESTS"), THE GENERAL PARTNER IS EXEMPT FROM REGISTRATION WITH THE U.S. COMMODITY FUTURES TRADING COMMISSION ("CFTC") AS A COMMODITY POOL OPERATOR ("CPO")
THE CFTC DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A POOL OR UPON THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, THE CFTC HAS NOT REVIEW OR APPROVED THIS OFFERING OR THIS MEMORANDUM.
Financial Information
Amounts:5% of the liquidation value of the ACCESS FUND100% of the liquidation value of the ACCESS FUND'S PORTFOLIO25% or greater interest in the ACCESS FUND
Assets:
- COMMODITY INTEREST POSITIONS
- COMMODITY FUTURES
- FUTURES OPTION CONTRACTS
Public Knowledge
- Context
- Information about regulatory exemptions for commodity pool operators is generally not widely known by the public.
Legal Compliance
- Compliance with CFTC Rule 4.13(a)(3) and 4.14(a)(5) for exemption from CPO and CTA registration.
- Requirement for investors with 25% or greater interest in the Access Fund to comply with CFTC position limits.
Raw Analysis JSON
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Themes
Financial transactions/money flowLegal matters/litigationBusiness dealingsCompliance issues
Organizations 5
SOUTHERN FINANCIAL LLCACCESS FUNDU.S. COMMODITY FUTURES TRADING COMMISSIONCFTCNATIONAL FUTURES ASSOCIATION
Locations 1
UNITED STATES
Text Analysis
- Tone
- Formal, legalistic
- Purpose
- To outline the exemptions from registration under the Commodity Exchange Act that Southern Financial LLC is relying upon for the Access Fund.
- Significance
- This document is significant because it details the regulatory exemptions being claimed by the General Partner of the Access Fund, which affects the level of oversight and disclosure required.
File Info
- File Name
- EFTA01382962.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:03.953747
- DOJ Source
- View on DOJ