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Do you accept IRA accounts?
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Do you accept accounts from Foreign
Nationals and Corporations?
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What is the difference between a managed commodity
account and a commodity pool?
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Who may participate in
our commodity pool?
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How do I contact The Miller Group, LLC?
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Is The Miller Group a USA based company?
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Is The Miller Group a registered and licensed brokerage
firm?
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Are there any material complaints against The Miller
Group, LLC?
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How do I receive my account statements?
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Are there any restrictions on withdrawing money from my
account?
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How do I ad money to my account?
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How do I wire money to or from my account?
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Is investing in Managed Commodities a suitable
investment for me?
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What are the risks of investing in this managed accounts
program?
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Can I be margin called?
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Can I loose more than I invest?
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Can I trade my own account with The Miller Group, LLC?
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How do I open an account?
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What are the tax consequences of managed commodities?
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What is the minimum investment?
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Who will trade my account?
Do you accept IRA accounts?
Managed
commodity trading and commodity pools are allowed as both IRA and Roth IRA
investment. You may use your current IRA custodian or open a new IRA from
the custodians listed
here.
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What is the difference between a managed commodity
account and a commodity pool?
A commodity pool is an enterprise in which
funds contributed by a number of persons or entities are combined for the
purpose of trading futures or options contracts. The concept is similar to a
mutual fund in the securities industry. Commodity Pools are generally
private placements exempt from registration from the SEC under Reg D. Pools
are highly regulated and restrictive to participants
from various regulatory agencies such as the SEC, CFTC
and NFA as well as individual state laws. Generally
commodity pools are only offered to accredited investors
and in some States may only be offered to accredited
investors. Individual managed accounts may be offered to
both accredited and non-accredited investors and have
few state restrictions.
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Who may participate in
our commodity pool?
Accredited investors that meet individual state
guidelines for participation. Individual accredited investors must satisfy
one of the following standards: (a) have a combined net worth with their
spouse in excess of $1,000,000; (b) have individual income for the past two
years and a reasonable expectation of income for the current year in excess
of $200,000, (c) have joint income with their spouse in excess of $300,000
for the past two years and a reasonable expectation of such income for the
current year; or (d) be a director or executive officer of the company.
Accredited investors also include banks, savings and loan associations,
brokers, dealers, insurance companies, and other institutions. Under some
circumstances, accredited investors may engage in securities purchases
exempted from registration requirements. The SEC allows 35 non-accredited
investors to participate in a Reg D 506 filing. Regardless of SEC requirements for
non-accredited investors, individual states may restrict participation to
only accredited investors residing within certain states.
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How do I contact The Miller Group, LLC?
Our phone number is
(800) 590-0086 and our
mailing address can be found
here.
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Is The Miller Group a USA based company?
The Miller Group, LLC is incorporated in the State of
Florida. Our office is located in Pompano Beach Florida.
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Is The Miller Group a registered and licensed brokerage
firm?
The Miller
Group, LLC is registered with the CFTC and NFA ID #
367351. The sole
principal of The Miller Group, LLC has been
licensed with the NFA since 1990 as a CTA, CPO, AP and principal. More
background information on the firm and its principal can be found
here.
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Are there any material complaints
pending or concluded against The Miller
Group, LLC?
None.
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How do I receive my account statements?
Individual managed accounts will receive trade and
monthly statements from the FCM. Commodity pools receive detailed statements
from the CPO either monthly or quarterly.
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Are there any restrictions on
closing or withdrawing money from my
account?
No.
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How do I ad money to my account?
Please notify The Miller Group, LLC when adding funds to
your existing account.
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How do I wire money to or from my account?
Call The Miller Group directly for wire instructions.
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Is investing in Managed Commodities a suitable
investment for me?
The SEC, CFTC, NFA and
certain states require and restrict participation in private offering
and participating in managed Commodity programs to only investors that meet certain
suitability requirements. Investments in this trading program are available to both “Accredited”
and “Non Accredited” investors, who meet stringent suitability standards. You should contact both your tax
and financial advisor prior to investing in this trading program. The Miller
Group reserves the right to to refuse any individual or entity from this
trading program. Foreign investors are subject to a full background check
with the FBI and DHS as well as verifiable proof of good clear funds.
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What are the risks of investing in this managed accounts
program?
As with any investment there is a risk of loss for part
or all of your investment. Please
see Risk
Factors for detailed information of the risks associated with this
trading program.
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Can I be margin called?
No. This
trading program eliminates the possibility of a margin call.
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Can I lose more than I invest?
No. This trading program eliminates the possibility of a
deficit call.
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Can I trade my own account with The Miller Group, LLC?
No. The Miller Group only accepts managed accounts.
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How do I open an account?
You must call The Miller Group, LLC to ensure suitability
for our managed accounts program. We will then issue a username and password
allowing you to download all required paperwork from this site.
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What are the tax consequences of managed commodities?
Please contact your personal tax consultant.
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What is the minimum investment?
For individual managed accounts $10,000 USD For all other
products please call.
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Who will trade my account?
All trading and trading decisions will be made by Frank
Miller only. The Miller Group LLC does not utilize any 3rd party or "News
Letters" for trade decisions nor do we accept letters of direction.
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Do you accept
accounts from Foreign Nationals and Corporations?
All
foreign nationals must establish a bank account within the USA with a top 10
USA based bank. All bank transactions to and from your trading account must be made
from this bank account. We require full background check that will include 2 fingerprint cards taken in the presence of
an official at your local US Embassy or State Department field office for review by the FBI and or other law
enforcement agencies (both foreign and domestic) prior to opening an
account. All costs involved for background checks are to be paid upfront by the
client and will be reimbursed by The miller Group, LLC within 30 days of
account opening.. All principals or foreign corporations are required to comply with a
full background check. All funds from foreign individuals and corporations must be sourced
to demonstrate these funds are legitimate and are from "good clean" origin.
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