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…...

FINANCIAL CRIMES ENFORCEMENT NETWORK Customer Due Diligence Requirements for Financial Institutions Finalized On May 11, 2016, the Financial Crimes Enforcement Network (“FinCEN”) issued its final rules under the Bank Secrecy Act (“BSA”) to strengthen and clarify the customer due diligence (“CDD”) requirements for covered financial institutions such as: bank; brokers or dealers in securities; mutual funds; and futures commission merchants…...

CME Group’s Regulatory Outreach Program provides market participants with the information and resources necessary to meet their compliance needs. Our goal is to work with market participants proactively to ensure they understand our regulatory requirements and thereby avoid potential problems in the future. The program aims to: Effectively communicate rule modifications, rule advisories and other rules-based information to market participants…...

In light of the almost daily news about cybersecurity breaches, including at financial institutions, and the significant threat and damage these breaches could cause to NFA’s Member firms, customers, and the U.S. derivatives industry, NFA developed guidance requiring Members to adopt and enforce procedures to secure both customer data and access to their electronic systems. With ongoing technological advancements, it…...

Attaining a Viable Cyber Security Program at a Reasonable Price; is it Possible? We’ve all heard about the hacks at Sony, Target, and even the U.S. Government. Fortune 500 companies and US government agencies getting hacked is exciting news. Well, actually – it’s terrifying. And even more disturbing is the complexity associated with solving this problem. For a Fortune 500…...

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…...

How or when to select or change a fund audit firm for your hedge fund, CTA or other alternative investment business can seem like a daunting decision for any fund manager. However, it can be done with the right considerations and processes in place. WHEN TO SELECT A FUND AUDITOR Many fund managers are under the assumption that since fund…...

Whether you are running a hedge fund, Introducing Broker, CTA, or CPO you are required to spend most of your time managing your investors, investments, and returns. In our regulated industry, you also need to hire an attorney, an auditor, a compliance expert, and an administrator that compiles your monthly performance results. These hires can be considered necessary evils. But…...

Our industry has certainly transformed over the past decade. Much of this transformation stems from new rules and regulations, some of which are aimed at addressing the use of technology in the futures industry. As we are all aware, effective March 1, 2016, each and every NFA Member firm must adopt and enforce an information systems security program (“ISSP”). If…...

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…...