The End of CFTC/NFA Remote Work?

Since last March, the world has grappled with the transformational effects of the Coronavirus (Covid-19) pandemic. A fundamental shift in how industries operate unfolded before our very eyes. Old standards were replaced almost overnight by newer and more efficient ones.

NFA Trade Execution Audit: Are you Prepared?

One of the trends we have identified during recent audits of Introducing Brokers (“IBs”) is that National Futures Association, Commodity Futures Trading Commission, and CME Group examiners are becoming increasingly granular about their testing of trade execution record keeping. In particular, we are seeing attempts to evaluate how brokerage firms are able to “recreate the trade”.

Branch Office Supervision – Post Covid

For the last several years both the Commodity Futures Trading Commission (“CFTC”) and National Futures Association (“NFA”) have been reconsidering rules and regulations surrounding outside office supervision. The idea that registrants will always work from a static main office location is simply outdated. With the advent of remote working technology, and trading exchanges going almost entirely electronic, Associated Persons (“APs”) can work form just about anywhere. This begs the question; Does it really make sense for every AP that works away from an official company address to still be required to obtain the Series 30 license? The series 30 is still required under both CFTC regulation and NFA rule, however, it’s possible Covid my force regulators to rethink this obligation.