NFA Proposed Change to CTA Performance Presentation Mar 06, 2020 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.
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.