New NFA Promotional Material Guidelines Nov 26, 2019 When National Futures Association (“NFA”) member firms advertise they open themselves up to a great deal of regulatory risk. Without proper consideration, even the most innocent and well-intended efforts to promote a business can land CFTC registered firms in hot water. On August 29th, 2019 NFA announced proposed amendments to Compliance Rules 2-29 and 2-36. Within this announcement they also updated and harmonized several well-known Interpretive Notices. NFA’s proposed changes have now been adopted and will go into effect as of January 1, 2020. All member firms are strongly encouraged to read the entirety of NFAs rule and interpretive notice adjustments. Turnkey would like to focus on a few key adjustments that we believe could significantly impact the industry.
Turnkey CFTC/NFA Regulatory and Compliance Recap – First Half 2019 Aug 15, 2019 It can be difficult to keep track the various regulatory announcements and changes that occur during a month. … Read More
NFA Supervision Branch and GIB Offices Jun 10, 2019 Starting in June, NFA will now require firms to put in place a due diligence review process for each branch office, guaranteed IB and their personnel. NFA has also stated that an effective oversight program of branch offices and guaranteed IBs also includes written supervisory policies and procedures describing a Member’s process for performing routine surveillance and supervision, as well as annual inspections that are documented through a written report.