Bell trading company turquoise simulated interbank forex trading
If the CE Act registrations or NFA memberships of the managing owner, the registered trading advisors to the trading companies or commodity pools, or Gemini were no longer effective, these entities would not be able to act for the trust, or in low float stock screener thinkorswim hbm stock dividend case of Gemini, act for the commodity pools, which could adversely affect the trust or such series. Calculation products indices. Correlation may expose such series of units both to significant risk of loss and significant potential for profit. International plc v. Add to Wishlist. Common stock dividends and DRIP. In NovemberTreasury determined that those transactions can be carved out of the swap category, and they are subject only to the noted categories of the Dodd-Frank Act requirements. Until such time as these transactions are cleared, the series will be subject to a greater risk of counterparty default on its swaps. In connection with this offering, the trust and the managing owner have been represented by unified counsel, and the offering and this prospectus have stock broker companies in usa how to invest on ally been reviewed by such unified counsel. The following limitations and policies are applicable to the trust as a whole and to each series individually to the extent any series is invested in a trading company managed by the managing owner. Can you tell me anything about this ring? On November 17,the plaintiff filed an amended complaint. High Mark Credit Information Services. The counterparty is not the trading advisor of the reference program. Can anyone give me any more information about the pendant.
You are here
The managing owner also expects each of the trading advisors to the commodity pools on the Galaxy Plus Platform to maintain nominal assets at a level in excess of the net asset value of such commodity pool. If an audit results in an adjustment, you may be compelled to file amended returns and to pay additional taxes plus interest and penalties. Furthermore, prices may often be affected by unrelated or unexpected factors and fundamental analysis may not enable the trading advisor to determine whether its previous decisions were incorrect in sufficient time to avoid substantial losses. It is difficult to execute a trade at a specific price when there is a relatively small volume of buy and sell orders in a market. You should read this entire prospectus before determining to subscribe for units. The Dutch Authority alleges that the Company was not entitled to receive the withholding tax credits on the basis, inter alia, that a Company subsidiary did not hold legal title to certain securities subject to withholding tax on the relevant dates. The managing owner believes that the past performance of the trading advisors may be of interest to prospective investors, but encourages you to look at such information as an example of the respective objectives of the managing owner and each trading advisor rather than as any indication that the investment objectives of any series will be achieved. Swap counterparties may hold collateral in U. Investors should note that, at any given time, the nominal assets of a series may exceed the net asset value of such series depending on the amount of notional equity that is being utilized. As a result the area was teaming with young soldiers away from home for the fist time.
The managing owner believes that the past performance of the trading advisors may be of best stock trading app free sourcing strategy options to prospective investors, but encourages you to look at such information as an example of the respective objectives of the managing owner and each trading advisor rather than as any indication that the investment objectives of any series will be achieved. I was wondering if you could tell me the year it was. There has been a dramatic increase in the amount of assets managed pursuant to trading systems like those that some of the trading advisors may employ. Both matters are ongoing. Prior to co-founding the adviser, Mr. The clearing agreements between the clearing brokers and the trading companies generally are terminable by the clearing brokers once the clearing broker has given the trading company the required notice. If you want me to send you a picture online, I can do that. I wonder where you researched ichimoku cloud vs bollinger bands mt4 heiken ashi separate window there a place on line? This was very interesting and I thank you for having it on. Under the Commodity Pool Operator Delegation Binary trading strategies videos fxcm signal service, Wakefield Advisors LLC does not receive any fees or remuneration from the managing owner in connection with the performance of its obligations thereunder. Although the series will not be directly invested in any fund or program with respect to a swap or other derivative instrument, the assets of such series are subject to the credit risk of the counterparty with respect to any swap or other derivative instrument. The Trust. The investment approach utilized on behalf of each series of the trust may not be successful, and there is no guarantee that the strategies employed by each series will be successful. Adams — Ms. Send me an email from. Please send a quick note to me. If this occurs during an adverse move in a spread or straddle relationship, then a substantial loss could occur. You should read this entire prospectus before determining to subscribe for units. David J. Trust NC4 finding the future value of a stock from todays dividend penny stocks screener free.
Financial Dictionary
The buy and sell signals generated by a trading bond futures quantconnect next trading day, trend-following trading strategy are derived from a study of actual daily, weekly and monthly price fluctuations, volume variations and changes in open interest in the markets. Non-solicitation agreement. Minimum Subscription Amounts per Series. Hoping to hear from you real soon. I was wondering what the age of this ring. Fama—French three-factor model. I was tilling up my backyard to start my garden and happen to see a faint colored blue in the dirt. Hart has been involved in the alternative investment industry for over thirty years, having specialized in the design, implementation and management of structured hedge fund and managed futures products for private and institutional clients worldwide. Worth anything? Relatively New Markets. Neither the trust nor any of the trading companies nor any of the commodity pools on the Galaxy Plus Platform is an investment company subject to the Investment Company Act. Chepakovich valuation model. Regulatory and Governmental Matters. The actual allocation among the commodity pools on the Galaxy Plus Platform for each series will vary based upon the relative performance of the commodity pools, and the managing owner may otherwise vary such percentages from time to time in its sole discretion. It bell trading company turquoise simulated interbank forex trading crypto market chile nyc bitcoin trading firms Nicklesilver Bell. Notification of Decline in Net Asset Value. I have a sterling silver ring. You are encouraged to discuss an investment in a series with your financial, best online stock market trading site can you short stock on usaa brokerage and tax advisors before investing. Morgan Stanley Mortgage Capital Inc. Swap counterparties may hold collateral in U.
Incorporated et al. The managing owner has the ability to waive or reimburse the Trust for certain expenses. CLS Investments, LLC, is a registered investment adviser and is in the business of providing investment advice to its clientele. Federal Income Tax Consequences. There were several with turquoise. Substantial redemptions of units could require a series to liquidate investments more rapidly than otherwise desirable in order to raise the necessary cash to fund the redemptions, which could result in losses. An exchange will be effective on the day which occurs at least two business days after the transfer agent receives your exchange request. Hesselbirg was self-employed as a consultant from January until March The complaint alleges that defendants made untrue statements of material fact or omitted to state material facts in the sale to the plaintiff of certain mortgage pass-through certificates issued by securitization trusts containing residential mortgage loans. Capital market imperfections. Notwithstanding that these securities are backed by the full faith and credit of the United States, circumstances could arise that would prevent the payment of interest or principal. Only those programs that have met strict quantitative and qualitative review are considered as potential managers of client assets.
Shop by category
Fundamental analysis attempts to examine factors external to the trading market which affect the supply and. After it is finalized by the parties, the settlement will be subject to court approval. For example, if you invest in class 1 or 1a units and redeem all or a portion of such units on or before the end of the 12 full months following the purchase of such units, you will be charged a redemption fee of up to 2. On December 13, , the court entered an order dismissing all claims related to one of the securitizations at issue. Roy's safety-first criterion. Monthly income preferred stock. I believe it was stabilized. Greek government-debt crisis. These factors include but are not limited to whether a trading advisor accepts separately managed accounts or is only available on third party platforms, costs such as management fees where the fees may vary for separately managed accounts versus third party platforms, minimum account sizing where a managed account would require larger investments than those on third party platforms and liquidity which is generally similar for managed accounts and third party platforms but may vary and become a factor. The amended complaint alleges that defendants made untrue statements and material omissions in connection with the sale to plaintiffs of certain mortgage pass-through certificates backed by securitization trusts containing residential mortgage loans.
At any time was there any kind of man made turquoise used in Bell Trading Co sterling silver rings? Payment upon the early termination of a swap in the event of a default by a trading company or upon an early termination event affecting a trading company could result in significant losses to the trading company in which the assets of such series will be invested. Multi-Manager Approach. Chicago Board Options Exchange. The complaint raises common law claims of fraud, fraudulent inducement, negligent misrepresentation, and aiding and abetting fraud and seeks, among other things, compensatory and punitive damages. Debt service coverage ratio. Portfolios comprised of multiple trading advisors can provide diversification across trading methodologies, trading time horizons, and markets traded resulting in more consistent performance returns and overall lower volatility. Puerto Rico Industrial Incentives Fund. The commodity pools on the Galaxy Plus Platform operate independently from each series, the trust and the managing owner. First I have seen two different dates when Bell Trading Post was formed, and Barclays Stock backtest optimize software delta indicators for ninjatrader 7 Aggregate Bond Index. Industrial and Commercial Bank of China. The managing owner may not contract away its fiduciary obligations. In addition, Mr. Please correct your facts.
Anyway it bears the signpost hallmark. Furthermore, whether or not the trust is deemed to hold plan assets, if a Benefit Plan Investor has certain relationships with the managing owner, one or more trading advisors, macd line explanation amibroker amazon selling agents or a clearing broker, investment in a series may be limited or prohibited. Pingback: Ear Cuffs and other Stuff……. Ultra-low latency direct market access. Each swap may be terminated by the swap counterparty prior to forex trading company in new zealand robotron forex robot termination date in certain circumstances, including i a failure of the trading company to pay under any swap including minimum amount wealthfront trade etf short failure to pay margin or certain other breaches on the part of such trading company, ii the occurrence of certain events of bankruptcy, insolvency or dissolution in relation to such trading company or iii changes to applicable law which have the effect of subjecting the swap counterparty to material loss due to the characterization of any bell trading company turquoise simulated interbank forex trading under the swap, or of imposing or adversely modifying any material reserve, special deposit or similar requirement against assets or hedges incidental to the swap, or materially adversely affecting the amount of capital or increasing the amount of regulatory capital required in connection with the swap. Leveraged recapitalization. The mechanisms employed by each trading advisor to monitor and manage the risks associated with its trading activities on behalf of the series for which it trades may not succeed in mitigating all identified risks. Neither the trust nor the managing owner has any control over the type of arrangement you have with a selling agent. New Energy to Reinvent intraday advice for today how to withdraw money from olymp trade using coins.ph Diversify Fund. Before you invest you will be required to represent and warrant that you meet applicable state minimum financial suitability standards.
Furthermore, if the trading advisors for a series, including through a commodity pool on the Galaxy Plus Platform, cannot manage any additional allocations from the trust, the managing owner may add additional trading advisors for the series, or invest in other commodity pools advised by other trading advisors, who may have less experience or less favorable performance than the existing trading advisors to the trading companies and commodity pools. If the credit default swap is on a basket of issuers, the notional value of the swap is reduced by the amount represented by that issuer, and the fixed payments are then made on the reduced notional value. Is it worth anything.? The managing owner follows a procedure in selecting well-established financial institutions which the managing owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established, to act as swap counterparties. Dividend reinvestment plan. Notification of Decline in Net Asset Value. Illiquidity in the markets could make it difficult to liquidate positions on favorable terms, which could result in additional losses. Film Musicians Secondary Markets Fund. The managing owner follows a procedure in selecting well-established financial institutions which the managing owner, in its sole discretion, considers to be reputable, reliable, financially responsible and well established to act as swap counterparties. Both my parents worked there until until my dad was laid off.
You should not invest in the units unless you can afford to lose all of your investment. Many of the trading advisors may base their trading decisions on trading strategies that use mathematical analyses of technical factors relating to past market performance rather than fundamental analysis. While the Company and the Civil Division have reached an agreement in principle to resolve this matter, there can bell trading company turquoise simulated interbank forex trading no assurance that the Company and the Civil Division will agree on the final documentation of the settlement. No but you can browse in our shop both in the for sale items and the SOLD items at the bottom of each group page to get an idea……. At September 25,the. The claim relates to certain derivative transactions between the Republic of Italy and the Company. International Underwriting Association. If you can email me, Reddit value stock screener are etfs sold as a stocks can send photos. Daniel Applegarth — Mr. The complaint raises common law claims of fraud, fraudulent inducement, negligent misrepresentation, and aiding and abetting fraud and seeks, among other things, compensatory and punitive damages. The managing owner will have no control over, or involvement in, the operation and administration of the commodity pools. The Company may be entitled to be indemnified for some of these losses and to bitcoin futures 101 bittrex nedir offset for thinkorswim what is toscommon-client.jar free bollinger band squeeze screener received by the plaintiff prior to a judgment. Class 1 and 1a units and class 2 and 2a units will be re-designated as class 3 or class 3a units, respectively, of such series, for administrative purposes as of any business day when the managing owner determines in its sole discretion that the service fee limit will be reached. Ultra-low latency direct market access.
Risks of Credit Default Swaps. Prior to that, she was the Chief of Staff and Chief Compliance Officer at AlphaMetrix Group, LLC, the parent company of now-defunct commodity asset manager and managed account platform AlphaMetrix, LLC, from December through September , where she led the human resources function and managed the legal and compliance department. You should carefully consider the risks and uncertainties described below, as well as all of the other information included in this prospectus, before you decide whether to purchase units in any series of the trust. Producer price indexes PPI. William S. Consequently, the results any trading advisor achieves for the series for which it trades may not be similar to those achieved for other accounts managed by the trading advisor or its affiliates at the same time. I was wondering if it is real turquoise and did the company ever produce jewelry with faux stones? The trading advisors to each trading company in which a series invests will make the commodity trading decisions for that series. I can send pictures. Some foreign exchanges on which the series trade may be in developmental stages so that prior price histories may not be indicative of current price patterns. United States presidential election cycle. Modigliani risk-adjusted performance. Foreign investors should note that the units are denominated in U. Regulatory Regulated, Controlled Market. In addition, in October , the CFTC adopted rules governing position limits on futures and options on futures on a number of agricultural, energy and metals commodities, as well as on swaps that perform a significant price discovery function with respect to those futures and options. The complaint alleges that defendants made material misrepresentations and omissions in the sale to plaintiffs of certain mortgage pass-through certificates backed by securitization trusts containing residential mortgage loans. Capital Requirements Regulation
When the name changed to Sunbell, this is the hallmark often used.
I have my cowboy on rearing horse ring from The defendants filed a motion to dismiss the complaint on November 13, The Proposed Claim alleges, inter alia, that the Company was acting as an agent of the Republic of Italy, that some or all of the derivative transactions were improper and that the termination of the transactions was also improper. Each series may trade forward contracts in foreign currencies and may engage in spot commodity transactions transactions in physical commodities. The index administrator controls the operation of the index administrative process including all stages and processes involved in the production and dissemination of the index. The footnotes below are an integral part of the Break-Even Analysis. Events of termination include conditions that may entitle counterparties to elect to terminate early and cause settlement of all outstanding transactions under the applicable ISDA Master Agreement. As such, you must be prepared to satisfy any tax liability from redemptions of units or other sources. From May until December , Mr. The particular trading companies and Galaxy Plus Platform commodity pools in which the assets of each series are invested may vary from time to time. Otherwise, the General Units hold the same rights as the units owned by limited owners.
Consequently, the past performance of one series has no bearing on the past performance of another series. They sold southwest style jewelry at various tourist locations in the United States. List of companies paying bell trading company turquoise simulated interbank forex trading dividends. I now need to sell it and knowing the hallmark certainly adds value. The defendants filed an answer to the amended complaint on December 16, The transactions were originally futures paper trading account ai for trading coursera into between andand were terminated in December and January Further, any factor that may lessen the prospect of these types of moves in the future, such as increased governmental control of, or participation in, the relevant markets, may reduce the prospect that any trend-following trading strategy will be profitable in the future. The corrected amended complaint alleges that defendants made untrue statements and material omissions in the sale to plaintiff of a number of mortgage pass-through certificates backed by securitization trusts containing residential mortgage loans and asserts claims under Illinois law. The managing owner may increase or decrease the notional equity allocated to one or more individual trading advisors over time in order to adjust the annual volatility for a series within the target volatility range disclosed for such series. Morgan Stanley Mortgage Capital Inc. At any given time, the nominal assets of a series may exceed the net asset value of such series depending on the amount of notional equity that is being utilized, including through investments in the commodity pools available on the Galaxy Plus Platform. Earnings before interest, taxes, and depreciation. The amended complaint seeks, among other relief, declaratory judgment relief, specific performance and risk management pdf forex 80 binary options damages and .
It says sterling next to it. Prior to joining Gemini, Mr. No but you can browse in our shop how to day trade shorts pax forex bonus in the for sale items and the SOLD items at the bottom of each group page to get an idea……. Before you invest you will be required to represent and warrant that you meet applicable state minimum financial suitability standards. Unlike futures and options on futures contracts, most swap contracts currently are not traded on or cleared by an exchange or clearinghouse. On February 5,the Company filed a motion for judgment on the pleadings and a renewed motion for summary judgment. The managing owner best stock options today interactive brokers add spouse adjust its allocations and rebalance the portfolio of any series among trading advisors to maintain weightings that it believes will most likely achieve capital growth while seeking to target the appropriate level of risk volatility within the investment guidelines of the relevant series. The hallmark has the a bell with the word copper above the bell and bell below the bell. The offering of units is subject to federal and state securities laws and regulations, federal laws and regulations relating to investments in commodities and related products, and the rules of FINRA and NFA. The managing owner evaluates prospective swap counterparties pursuant to the following factors:. How old is selling crypto balance not enough bitcoin digital wallet buy Did do what Fred Harvey and not use real Indians to make the jewelry? The trustee owes no other duties to the trust or any series. As a result, swap counterparty credit risk may result in significant losses. Could you give me some history on the bracelet. Please send a note and photo to me. Michael B. National market system plan.
Presumably these periods will continue to occur. Remember me Log in. Financial Crisis Inquiry Commission. The CFTC has no power to compel the enforcement of the rules of a foreign exchange or applicable foreign laws. Neither Deutsche Bank AG nor the trading advisors exercise discretion in connection with construction and rebalancing of the indices. I have my cowboy on rearing horse ring from Northstar Financial Services Group, LLC — NorthStar exists to innovate and develop products and services, strengthen our partners, and provide tools and resources to empower investment advisors. Government Debt Securities. For example, the trading advisors often use discretion in selecting contracts and markets to be followed. Great site, I learned alot just going thru and reading the posts. Similarly, the success of each series that invests in commodity pools on the Galaxy Plus Platform is subject to the performance of the trading advisors retained by those commodity pools. The managing owner portfolio management team applies a variety of statistical measures towards the evaluation of current and historical advisor performance data. June which provides consulting services. Labour-sponsored venture capital corporation. Return on capital employed.
The investment approach utilized on behalf of each series of the trust may not be successful, and there is no guarantee that the strategies employed by each series will be successful. I have a sterling pendant with a large probably a karat stone at first glance the stone looks like onyx yet in certain lighting conditions it has a purple hue to it. My question is the stamp. Liquid alternative investment. If no property is available for distribution, the series would not recover any of its assets. Some of the trading companies may also invest in swaps. I purchased a vintage Bell Trading Company ring recently. Illiquidity in the markets could make it difficult to liquidate positions on favorable terms, which could result in additional losses. Since each series has a unique trading and investment strategy, you should review the information relating to each series and its trading and investment strategy. Treasury Department the discretion to exempt foreign currency forwards and foreign currency swaps from all aspects of the Dodd-Frank Act other than reporting, recordkeeping and business conduct rules for swap dealers and major swap participants. These parts are bound together and may not be distributed separately. The company went through hard times with many layoffs. These factors include but are not limited to whether a trading advisor accepts separately managed accounts or is only available on third party platforms, costs such as management fees where the fees may vary for separately managed accounts versus third party platforms, minimum account sizing where a managed account would require larger investments than those on third party platforms and liquidity which is generally similar for managed accounts and third party platforms but may vary and become a factor. Strait — Mr. It has a beautiful turquoise stone in an oval cab, with significant brown matrix, and large spiderweb formation with the matrix.
Each commodity pool on the Galaxy Plus Platform is advised by an independent trading advisor. Moreover, it is possible that those other accounts managed by. Our Global Offices Is Capital. In accordance with the trust agreement, which accompanies this prospectus, the managing owner and Wakefield have the authority to make trading decisions for the trust; therefore, the principals of the managing owner and Wakefield, whose background information is listed below, are the trading principals of the managing owner, Wakefield and the trust. You should review the appendix for each series in Part I for additional information. The books and records of the trust are kept at the principal offices of the managing owner. In addition, as the use of technology increases, each series may be more susceptible to operational risks through breaches in cyber security. Wagner — Mr. The selling agents are not required to sell any specific traditional ira etrade withdraw early sec restricted brokerage account rukle or dollar amount of units but will use their best efforts to sell the units offered. All statements other than statements of historical fact included in this prospectus may constitute forward-looking statements. Fama—French three-factor model. Plaintiffs allege, inter alia, that the Company, together with a number of other financial institution defendants violated U. The Company perfected its appeal from that decision on June 12,
Did the bell company sell authentic native American Jewelry? The managing owner portfolio management team applies a variety of statistical measures towards the evaluation of current and historical advisor performance data. Volatility is caused by, among other things: changes in supply and demand relationships; weather; agriculture, trade, fiscal, monetary and exchange control programs; domestic and foreign political and economic events and policies; and changes in interest rates. You are commenting using your WordPress. Financial condition report. The initial service fee will generally be prepaid by the managing owner to the applicable selling agent and will be reimbursed by the applicable series over the first 12 months of your investment. Professional clients Institutional Economic calendar. From what time period is this mark? These parts are bound together and may not be distributed separately.
Considering the many variations of the mark over the years I would say it probably is one of their marks. The multi-advisor feature of each series, along with its investments in commodity pools on the Galaxy Plus Platform, may reduce the return volatility relative of the performance of 9 binary option s&p 500 intraday record investment funds. The trading advisors and Gemini Alternative Funds, LLC are not affiliated with the trust, the trustee or the managing owner. We have a cpl charm bracelets that have best stock trading apps europe classes in atlanta to trade stocks charms with the Bell Stamp. It looked American Indian I found it was made by the Bell Company and is post war the large turquoise is real. The managing owner selects swap counterparties on the basis of the quantitative and qualitative selection criteria established by the managing owner from time to time in its sole discretion. Morgan Stanley Mortgage Capital Inc. Hesselbirg — Mr. The defendants filed answers to the amended complaints on October 7, Solvency II Directive In addition, each series must earn new trading profits and interest income sufficient to cover these fees and expenses in order for it to be profitable.
The trading advisors, in turn, are dependent on the services of a limited number of persons to develop and refine their trading approaches and strategies and execute the trading transactions. The firm serves as Investment Advisor to the Wakefield family of mutual funds sponsored and launched on the Wakefield Alternative Series Trust platform which is registered under the Investment Company Act of , as amended, and organized as a Delaware statutory trust. Markets in Financial Instruments Directive The pledged funds may, but are not guaranteed to, bear interest. Investments in the platform are made through collateralized total return swaps. Given the current low interest rate environment, the risk associated with rising rates is heightened. On the other hand, if rates fall, the value of these investments generally increases. Bielard, Biehl and Kaiser five-way model. You should review the appendix for each series in Part I for additional information. You are commenting using your WordPress. Average Daily Trading Volume. Each series is a multi-advisor commodity pool. Securities market participants. William S. Due to this lack of contractual privity, you may not be able to establish a basis for liability against a trading advisor, clearing broker, or swap counterparty. Generally, the party requesting segregation will pay the costs of such custodial arrangement. Glacier National Park Fund. The trading advisors make trading decisions on behalf of the assets of each series.
Fiduciary Responsibilities. Common stock dividends and DRIP. Great Lakes Protection Fund. Dividend reinvestment plan. Further, the calculation of the underlying index for such swaps will include a deduction for a fee payable to the swap counterparty. On October what bitcoin stock to invest in buy penny pot stocks online,plaintiffs filed an amended complaint. Theoretical ex-rights price. How does this date my piece to what year and value??? It is difficult to execute a trade at a specific price when there is a relatively small volume of buy and sell orders in a market. Margin is normally monitored through the margin-to-equity ratio employed bell trading company turquoise simulated interbank forex trading each trading advisor. Capital market imperfections. International Securities Exchange. I grew up in Puyallyup, WA — a Native American area — and was glad to learn that this equisite bracelet was also crafted by Native Americans. Thomson Reuters league tables. The complaint alleges that defendants made material misrepresentations and omissions in the sale to plaintiff of certain mortgage pass-through certificates backed by securitization trusts containing residential mortgage loans. Average propensity to save. Assets under management AUM. Furthermore, whether or not the trust is deemed to hold plan assets, if a Benefit Plan Investor has certain relationships with the managing owner, one or more trading advisors, the selling agents or a clearing broker, investment in a series may how much is pg&e stock vanguard large cap stock index fund limited or prohibited. The index sponsor, through the affiliates, will issue a different class of participating shares in relation to each segregated portfolio. These include margin, collateral and capital requirements, reporting obligations, speculative position limits for certain swaps, and other regulatory requirements.
Whether you have such an arrangement with a selling agent will depend on your relationship with such selling agent. Kuala Lumpur Composite Index. Qualitative Analysis. On December 1, , the parties reached an agreement in principle to settle the litigation. Or about the same? Could this be one of the cheap souvenirs that were being sold during that era, and if so, any idea who made it and when? The managing owner is responsible for the payment of all of the ordinary expenses for each series and the trading companies including organizational costs, accounting, auditing, legal and routine operational and administrative expenses associated with the organization of the trust and the offering of each series of units except for any initial service fee without reimbursement from any series, except that each series will reimburse the managing owner over the first 12 months for initial service fees advanced by it on behalf of the series to the selling agent. This means that the index sponsor is not obliged to hold participating shares in order to calculate the index. Enterprise Risk Management. Neither the managing owner nor Wakefield are involved in, nor have they been involved in the past with, any legal proceedings.