Ethics Training: Clearing the Fog of Uncertainty Jul 25, 2024 Ethics training remains a supervisory obligation under NFA’s Compliance Rules 2-9 and 2-36. Despite the 2001 repeal of specific regulations, firms are still required to uphold high ethical standards and regularly update their training to reflect changes in industry standards, technology, and regulations. This has led to confusion about the ethics training requirements for NFA member firms. The team at Turnkey Trading Partners (“Turnkey”) has observed uncertainty regarding who needs to complete ethics training and the frequency with which it should be conducted.
Trafigura Trading LLC Fined $55 Million in Landmark Case Jun 27, 2024 The Commodity Futures Trading Commission (“CFTC”) has issued an order that both files and settles charges against Trafigura… Read More
Misguided Changes to NFA ORS Filing Obligations Jun 18, 2024 On May 20, 2024, National Futures Association (“NFA”) released Notice to Members I-24-10. Within the notice NFA advanced… Read More