CFTC/NFA Registrant PPP Guidance Apr 24, 2020 On April 23, 2020, the CFTC issued a no-action letter to futures commission merchants (FCM) and introducing brokers (IB) addressing the net capital treatment of covered loans obtained under the Paycheck Protection Program (PPP) and unpaid FINRA assessment fees. PPP is a component of the Coronavirus Aid, Relief, and Economic Security Act administered by the Small Business Association.
World Stops; CFTC & NFA Compliance March On Mar 26, 2020 With the ongoing concerns surrounding COVID-19, news is moving fast. That means government agencies, businesses, and whole industries are having to respond quickly. As of today (March 26, 2020) the National Futures Association (“NFA”) and Commodity Futures Trading Commission (“CFTC”) have issued several notices.
Required CFTC/NFA Coronavirus Pandemic Adjustments Mar 19, 2020 In response to the ongoing Coronavirus pandemic, both the CFTC and NFA have released several notices relating to… Read More