The National Futures Association (NFA) is a regulatory body for the U.S. futures industry. The NFA is a self-regulatory organization that sets standards for futures brokers and registered firms.
The NFA definition is the set of rules and regulations that govern the activities of NFA member firms. These rules and regulations are designed to protect investors and ensure the integrity of the futures markets.
The NFA definition includes requirements for registration, capital requirements, recordkeeping, and reporting. It also prohibits certain types of abusive practices, such as insider trading and fraud. When did the NFA go into effect? The National Firearms Act (NFA), enacted in 1934, regulates the manufacture, transfer, and possession of certain classes of firearms and accessories. The NFA went into effect on June 26, 1934. What does NFA mean in finance? The National Futures Association (NFA) is a self-regulatory organization for the U.S. futures industry. The NFA is responsible for regulating firms that engage in the business of futures commissions merchants (FCMs), introducing brokers (IBs), commodity pool operators (CPOs), and commodity trading advisors (CTAs), as well as for registering and providing training for industry participants.
The NFA is a non-profit organization that was established in 1982. It is headquartered in Chicago, Illinois, and has offices in New York City and Washington, D.C.
The NFA is overseen by the Commodity Futures Trading Commission (CFTC), a federal government agency.
Who created NFA?
The National Futures Association (NFA), founded in 1982, is a non-profit, self-regulatory organization with the mandate to protect market participants and the public from fraud, manipulation and abusive practices related to the sale of commodity and financial futures and options, and swaps. NFA is the industry-wide, self-regulatory organization for the U.S. futures industry.
NFA is headquartered in Chicago and works with the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) is the self-regulatory organization responsible for the oversight of the futures industry.
The CFTC is the federal regulatory agency that oversees the commodity futures and options markets in the United States. The CFTC's mission is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.
The NFA was founded in 1982 as a non-profit, self-regulatory organization. The organization is headquartered in Chicago and works with the CFTC to provide oversight of the futures industry.
What is the role of the NFA? The role of the NFA is to protect investors and ensure the integrity of the markets by:
-Registering and regulating futures commission merchants, commodity pool operators, commodity trading advisors, retail foreign exchange dealers and introducing brokers
-Setting standards for, and monitoring compliance by, its members with respect to financial resources, record keeping, customer protection, internal controls, marketing practices, and risk management
-Conducting investigations and taking disciplinary action against members who violate NFA rules or commit fraud
-Providing educational resources to the industry and the public
-Monitoring and analyzing futures and options markets to detect and prevent manipulation, abusive trading practices and other risks to market integrity
Who must register with NFA? The National Futures Association (NFA) is a self-regulatory organization for the U.S. futures industry. NFA is the industry-wide, self-regulatory body for the futures industry in the United States. NFA's role is to protect market participants and the public from fraud, manipulation, and abusive practices related to the sale of futures and options on futures, and to help foster open, fair, and competitive futures and option markets.
All firms and individuals who engage in futures and options trading in the United States must register with the NFA. This includes futures commission merchants (FCMs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), Commodity Trading Advisors (CTAs), Retail Foreign Exchange Dealers (RFEDs), and Swap Dealers (SDs).
In order to register with the NFA, firms and individuals must submit an application and pay the appropriate registration fee. They must also pass a background check and meet certain financial requirements. For more information on the registration process, please see the NFA's Registration page.