Written by: Matt Kluchenek, Patricia McDonald & Michael Sefton, Baker&McKenzie If you’ve been thinking about starting a hedge fund, you’ve likely encountered a byzantine array of options and requirements. Sorting through these options and requirements can be overwhelming. However, planning ahead and identifying key issues can clear a path and help you efficiently achieve your goal. In this article, we…...
Ask NFA – June 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/NFA Cyber Security: One Year In
By: Greg Baracy, Turnkey Trading Partners As everyone in the Commodity Futures Industry surely knows during March of 2016 the CFTC and NFA implemented cyber security obligations which were applied to all member firms. At that time Futures Commission Merchants (“FCMs”), Commodity Pool Operators (“CPOs”), Introducing Brokers (“IBs”), and Commodity Trading Advisors (“CTAs”) were all obligated to put in place…...
Housekeeping, Reminders and Updates – May 2017
Written by: Mark E. Ruddy, Esq. Jessica I. Brown, CAMS COMMODITY FUTURES TRADING COMMISSION Revisions to Form 8-R The Commodity Futures Trading Commission (“CFTC”) has revised Form 8-R, at the request of the National Futures Association (“NFA”). Form 8-R is the application form for individuals registering as an associated person (“AP”), floor broker, floor trader or to be listed as…...
Ask NFA – May 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…...
NFA NYC Workshop May 10th 2017
Seats are still available for NFA‘s Member Regulatory Workshop in New York on May 10 and Chicago on May 11 Seats are still available for NFA‘s upcoming Member Regulatory Workshops for commodity pool operator (CPO) and commodity trading advisor (CTA) Members. If you’ve already registered, thank you. We look forward to your participation. The half-day workshops will be held at…...
Ask NFA – April 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…...
A Broker’s Expanding Obligations
By Matthew Kluchenek and Michael Sefton It’s no secret that disruptive trading practices are a key concern of market regulators. Spoofing and other disruptive trading practices have garnered attention in recent years and traders and advisers have had to learn quickly the ropes on permissible trading practices. Now, it appears that FCMs (and possibly IBs) may have additional obligations as…...
Ask NFA – March 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…...
Housekeeping, Reminders and Updates – March 2017
Written by: Mark E. Ruddy, Esq. & Jessica I. Brown, CAMS NATIONAL FUTURES ASSOCIATION Financial Reporting Requirements of Commodity Pool Operators The Commodity Futures Trading Commission (“CFTC”) amended certain items of Part 4 regulations applicable to commodity pool operators (“CPOs”) and their financial reporting requirements. As per the amendments, CFTC regulations now permit the following: The use, in certain circumstances, of…...