NFA Proposed Change to CTA Performance Presentation

On March 6, 2020 NFA submitted to the CFTC a proposed rule change related to how CTAs can show performance results to customers. On the same day they also proposed a change to how hypothetical performance may be shown and what material information must be disclosed.

NFA CFTC Annual Compliance Obligations

As 2019 comes to a close staff will begin leaving for holiday vacation and compliance will be forgotten.  Turnkey Trading Partners always likes to remind our clients to consider annual compliance deadlines and obligations.  This year saw both the Commodity Futures Trading Commission (“CFTC”) as well as National Futures Association (“NFA”) roll out a number of new compliance and regulatory changes.  They also increased enforcement efforts and have generally been more active with audits than they have in previous years.  Earlier this month Turnkey published an article about enforcement actions, patterns, and trends to look out for in 2020.