Revised Answer to Question 1 of the August 2015 Ask the NFA Article: Selecting and Recommending CTAs- A Recommending CTAs- A Recommending CTA is one who recommends various trading advisors to clients (e.g. individuals, other CTAs or CPOs) but does not have any other authority regarding these trading CTAs. A Recommending CTA is required to be registered and an NFA Member since the CTA is providing commodity trading advice based on, or tailored to, particular clients. The Recommending CTA is not required to provide its own disclosure document to clients and as such is not required to provide past…