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.
New NFA Self-Exam; Subtle Changes… BIG Implications Jun 29, 2020 Periodically, NFA updates the Self-Exam Questionnaire, which most recently occurred June 2, 2020. When these updates are made NFA has the expectation that firms will use the most current version of the Questionnaire.
Impact of Negative Oil Prices? CFTC/NFA Market Participant Thoughts May 28, 2020 In late April, the market was witness to an unprecedented event, negative oil prices. This has never happened before in the history of trading oil futures contracts. Turnkey staff spoke with FCM executives, former energy floor traders, large introducing brokers and many more market participants in order to see what went on behind the scenes, and what if anything could have been done to mitigate the price collapse.