Ask NFA–February 2017

As your industry advocate, the NIBA provides many services which help your business stay in compliance with NFA regulations. “Ask the NFA,” is the way you can ask questions about those regulations and compliance requirements without having to call NFA directly.  Just email us at [email protected] and we will get the answers for you. Please keep in mind the purpose…

CFTC Names J. Christopher Giancarlo Acting Chairman

Washington, DC — Commissioner J. Christopher Giancarlo was designated per seriatim as Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) on January 20, 2017. Mr. Giancarlo joined the CFTC on June 16, 2014 after being unanimously confirmed by the U.S. Senate on June 3, 2014, to serve as a Commissioner of the CFTC, the federal agency that oversees…

Top 10 Issues for CFTC/NFA Compliance in 2017

Happy New Year! We hope the NIBA membership had a successful 2016.  The beginning of a new year is typically a time when firms are focused on plans for growing their book of business.  While the launch of new marketing or trading campaigns is certainly important, attention to operational and regulatory issues is just as critical for a successful firm. …

Ask NFA – January 2017

As your industry advocate, the NIBA provides many services which help your business stay in compliance with NFA regulations. “Ask the NFA,” is the way you can ask questions about those regulations and compliance requirements without having to call NFA directly.  Just email us at [email protected] and we will get the answers for you. Please keep in mind the purpose…

Top 5 Ways AI in Compliance Will Affect You in 2017

Artificial Intelligence (AI) is the hottest topic in service industries these days, and compliance is no exception. AI can be roughly divided into two categories: General, which we see in movies and read about in science fiction novels, and Specific, which is what will have the greatest impact in 2017. The new year is upon us, bringing promises of a…

Benjamin Franklin on Cybersecurity (sort of)

When Benjamin Franklin coined the phrase “an ounce of prevention is worth a pound of cure,” he had fire safety in mind.  Cybersecurity wasn’t on anyone’s radar.  In fact, radar wasn’t on anyone radar. Nonetheless, that adage perfectly captures the importance of training staff members on cyber risks today.  Employee cyber awareness is based on common-sense principles that are generally…

Ask NFA–October 2016

As your industry advocate, the NIBA provides many services which help your business stay in compliance with NFA regulations. “Ask the NFA,” is the way you can ask questions about those regulations and compliance requirements without having to call NFA directly. Just email us at [email protected] and we will get the answers for you. Please keep in mind the purpose…

NFA Proposes “Financial Health” Reporting Requirements for CPOs and CTAs

In an effort to better understand and monitor the financial health of certain members of the National Futures Association (“NFA”), the NFA has submitted a proposal to the Commodity Futures Trading Commission (“CFTC”) that would require commodity pool operators (“CPOs”) and commodity trading advisors (“CTAs”) to report additional information about their financial condition on a regular basis.  The recent proposal…

NIBA “What’s on the Radar at the NFA” Conference Session Recap

NIBA’s September 14 Conference opened up first thing in the morning with a panel discussion on none other than “What’s on the radar at the NFA!”  By the look on the faces of the crowed audience, the topics had many eyes wide open…more than your average cup of Latte can do in the morning.  The panel, which was moderated by…