NFA Virtual Audits – A Follow-up Aug 28, 2020 Last month, Turnkey discussed the need for firms to begin maintaining all required documents digitally as well as some recent changes to the NFA audit process. As mentioned, due to the pandemic, NFA has not been traveling since March of 2020 and has been conducting all reviews virtually. Turnkey has assisted on many of these virtual reviews and feels it is prudent to share some key additional takeaways.
CFTC/NFA – Regulatory Recap – August 2020 Aug 28, 2020 It can be difficult to keep track the various regulatory announcements and changes that occur during a month. To better assist you Turnkey Trading Partners has put together a summary of the various regulatory notices and adjustments which have occurred since our last newsletter.
CFTC and NFA Compliance: Covid’s “New Audit Normal” Jul 30, 2020 Previously NFA member firms had their annual reviews conducted on-site and in-person, Covid-19 has changed all of that. For the foreseeable future all outside office reviews, including those of FCMs, IBs, GIBs, CTAs, and CPOs will be conducted remotely via a virtual meeting of some type.