IB Certified Audits—Reporting Requirements to Keep In Mind
After a busy audit season that included many new rules implemented by NFA and CFTC, we would like to share some reminders and insights. Use of Online Payment Systems If…
After a busy audit season that included many new rules implemented by NFA and CFTC, we would like to share some reminders and insights. Use of Online Payment Systems If…
FCM Responsibilities for the Review and Approval of their Guaranteed Introducing Brokers' Communications with the Public Recently, NFA has experienced a sharp increase in the number of promotional material submissions…
Chief Compliance Officer Requirements Become Effective for All FCMs on March 29, 2013 As we notified Members in Notice I-12-21, the Chief Compliance Officer (CCO) requirements under CFTC Regulation 3.3…
**NIBA asked all three new NFA Board Members to answer the question "What is the first thing you will do at your first NFA Board Meeting?" John submitted the following…
January 31, 2013 Dear Members, We wanted to send you a personal update on all that has happened in the months following the collapse of Peregrine Financial Group Inc. (PFG),…
For years, the futures industry had an impeccable reputation for safeguarding customer funds deposited at FCMs. Now, within a very short time frame, we are dealing with a shortfall in…
Notice to Members I-13-05 January 30, 2013 Effective Date of Amendments to NFA Financial Requirements Section 4 Regarding Use of Technology to Monitor FCM Segregation Requirements NFA recently amended NFA…
In addition to the myriad of tax changes we’re facing as we go into the new year, here’s a reminder that CFTC Reg 4.27 requires all CTA’s to file a…
This year there were contested elections in the IB and CPO/CTA categories of NFA's Board of Directors. Newly elected Board members in those categories and a complete list of the…
In February 2012, the CFTC issued final rules adopting CFTC Regulation 4.27 which, among other things, requires that all CTAs file a Form PR annual report with NFA within 45…