NIBA – Get to Know the Regulator

U.S. Commodity Futures Trading Commission  Division of Clearing and Risk Who is in charge of the Division of Clearing and Risk:  DCR is run by a Director, who is assisted by the DCR Deputy Directors and Chief Counsel. Jeffrey Bandman is the Acting Director, and the Deputies and their respective branches are as follows: Eileen Donovan, Deputy Director of Clearing…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

The Clock is Ticking; Required Cybersecurity Policies

The headlines in today’s paper should read: “The Wild West is back! Stick ups and heists at an all-time high!” Only today the villain is not riding up to a stage coach on a horse or storming a bank with police sirens in the background. Today’s banks also aren’t holding gold bullion and stacks of bills. Rather today’s “banks” are…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

NFA Compliance – Preparing for an NFA Exam

Since 2012, the number of CPOs, CTAs, and IBs required to register with NFA has seen a dramatic increase.  With this increase came a renewed commitment by regulators to not only audit new NFA Members within the first year, but more frequently thereafter as well. The frequency of subsequent on site audits depends upon an analysis of risk factors.  Some…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Panel Summary-Top 5 Questions

Michael Coglianese had the pleasure of moderating a Panel of experts at the NIBA Conference.  Mike was impressed by the answers as well as the insight of the questions from the audience.  Here are some of the questions summarized below: Why should IRAs be important to the Business of an Introducing Broker? First, the managed futures industry is important to…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Ask the NFA–Revision to August

Revised Answer to Question 1 of the August 2015 Ask the NFA Article: Selecting and Recommending CTAs– A Recommending CTAs-  A Recommending CTA is one who recommends various trading advisors to clients (e.g. individuals, other CTAs or CPOs) but does not have any other authority regarding these trading CTAs.  A Recommending CTA is required to be registered and an NFA…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Housekeeping, Reminders and Updates–Sept 2015

NATIONAL FUTURES ASSOCIATION Effective Date of New Requirements for Forex Dealer Members (“FDMs”) The NFA announced the effective date of the new capital and compliance requirements for FDMs after the Commodity Futures Trading Commission (“CFTC”) approved the NFA’s amendments to NFA Financial Requirements Section 11, NFA Financial Requirements Section 12 and NFA Compliance Rule 2-36. The CFTC’s approval of changes…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

Ownership and Control Reporting (“OCR”)

The reporting deadline under the CFTC’s Ownership and Control Reporting (“OCR”) rules is September 30, 2015.   Although these rules became effective in February 2015, the CFTC granted firms an extension which until September 30 (six months) to collect and report the additional information information.    What to Know In November 2013, the CFTC finalized new rules for Ownership and Control…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

NFA Representative Annual Report

Introducing Broker and CTA/CPO representatives on the NFA Board of Directors will present their annual report to NIBA members on September 24 during our Annual Members Meeting. The following representatives will be present: Paul Georgy, GIB Mike Burke, IIB James Koutoulas, CTA/CPO John Roe, CTA/CPO Doug Bry & Ernest Jaffarain, CTA/CPO (invited) Each year your elected representatives to the NFA…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

HOUSEKEEPING, REMINDERS AND UPDATES: AUGUST 2015

FINANCIAL CRIMES ENFORCEMENT NETWORK In an August 25, 2015, press release, the Financial Crimes Enforcement Network (“FinCEN”) announced proposed anti-money laundering (“AML”) regulations for investment advisers. FinCEN has published a Notice of Proposed Rulemaking regarding AML programs and suspicious activity report (“SAR”) requirements that would apply to certain investment advisers. The purpose of FinCEN’s proposed rule is to prescribe minimal…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register

NIBA FCM Risk Management Series- Interactive Brokers

NIBA will be featuring a recurring article in its monthly newsletter to membership with a focus on FCM Risk Management. The article will feature a different Member FCM each month discussing their approach to risk management. The questions below are a guide and are not required to be answered, and questions can be added and/or removed as you see fit.…...

The full article is available to active NIBA members only.


Please login or sign up to read the rest. Membership is FREE for the first year in honor of our 25th anniversary
Log In Register