Dec 2, 2019 In March 2019, the NFA indicated that individuals registered as associated persons (“APs”) at futures commission merchants (“FCMs”), NFA Financial Requirements Section 16 . C. Activities That Require Registration as a Futures Commission Merchant (“FCM”) or Introducing Broker. (“ IB”) . Practice. The Commodity Futures Trading Com- need for futures commission merchants. (“FCMs”) NFA Rule 2-9, which imposes supervisory obligations on Oct 31, 2019 merchant (FCM), including Credit Suisse Securities (USA) LLC (CSSU of the National Futures Association (NFA) by conducting a search for a As a registered Futures Commission Merchant ("FCM"), IB is subject to the Trading Commission ("CFTC"), the National Futures Association ("NFA") and the
NFA has the authority to take disciplinary actions against any Member or Associate that violates its rules. If an NFA Member or Associate engages in conduct that puts customers, the futures markets, or other Members at risk, immediate action will be taken accordingly. See Actions about Enforcement and Registration Actions
The Commodity Exchange Act requires all futures commission merchants (FCMs) and introducing brokers (IBs) to register as such, unless they qualify for an exemption, e.g.:. A firm handling transactions only for proprietary persons (such as the firm itself, affiliates, top officers, or directors) need not register as an FCM. Revised Rule 2-29 will require all futures commission merchants (FCMs), commodity pool operators (CPOs), commodity trading advisors (CTAs) and some forex dealer members (FDMs) to examine and potentially update their websites, disclosure documents and marketing materials, among other communications. Although NFA clarified that the rule will not Futures Commission Merchant. New NFA Virtual Currency Disclosure Requirements submitted to CFTC. Felix Shipkevich July 23, 2018. The National Futures Association has sent a rule submission letter to the CFTC regarding new disclosure obligations for FCMs, IBs, CPOs, CTAs, and Pools and Managed Account Programs engaging in virtual currency derivatives and virtual currency transactions as well as These amendments (i) narrow the NFA Advertising Rule’s application to only commodity pool operators (CPOs), commodity trading advisors (CTAs), futures commission merchants and introducing brokers; (ii) better reflect current technology and business practices; (iii) clarify that all performance must be net of all commissions, fees and expenses SELECTED FCM FINANCIAL DATA AS OF December 31, 2019 FROM REPORTS FILED BY January 27, 2020 RFED: Retail Foreign Exchange Dealer that is registered with the Commodity Futures Trading Commission. Morgan Stanley & Co. LLC (Futures Commission Merchant) Morgan Stanley Smith Barney LLC (Introducing Broker) Futures Account Documentation Table of Contents Page Document ii Instructions Section 1 — Futures Account Forms Please return relevant pages to Morgan Stanley once completed. 1 Cover Page 2 Futures Account Application 13 Information to be used by Morgan Stanley to prepare CFTC form 102 Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end
A futures commission merchant (FCM) is an entity that solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex
Futures Commission Merchants, 62. Introducing Brokers, 1,096. Major Swap Participants, 0. Retail Foreign Exchange Dealers, 3. Swap Dealers, 106. A futures commission merchant (FCM) is an organization that solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange
NFA Members. NFA develops and enforces rules, provides programs and offers services that safeguard market integrity, and helps Members meet their regulatory obligations. Select a membership category to access regulatory information and resources. Commodity Pool Operator (CPO) Commodity Trading Advisor (CTA) Futures Commission Merchant (FCM)
Jul 2, 2019 The National Futures Association NFA has proposed updated for all of its member firms—including futures commission merchants (FCMs), Dec 6, 2019 Revised Rule 2-29 will require all futures commission merchants (FCMs), commodity pool operators (CPOs), commodity trading advisors Futures Commission Merchants are required to maintain the funds and You can verify that these requirements have been met by calling NFA toll-free at Feb 9, 2005 NFA member that is registered as a futures commission merchant, and also notice-registered with the Commission as a broker-dealer ("NFA
Oct 31, 2018 notice to the US Commodity Futures Trading Commission (CFTC) applicable to NFA member firms registered as futures commission merchants
NFA has the authority to take disciplinary actions against any Member or Associate that violates its rules. If an NFA Member or Associate engages in conduct that puts customers, the futures markets, or other Members at risk, immediate action will be taken accordingly. See Actions about Enforcement and Registration Actions Filing Requirements. Futures commission merchants (FCM) have the following filing requirements: Required Accounting Records. Each FCM is required to maintain an accounting system that records all of the firm's financial activity. A Futures Commission Merchant (FCM) is an individual or organization that does both of the following: Solicits or accepts orders to buy or sell futures contracts or options on futures, and Accepts money or other assets from customers to support such orders. FCMs are required to be registered with National Futures Association (NFA). The NFA and the commodity exchanges are self-regulatory organizations that are required to enforce CFTC-approved minimum financial and reporting requirements for their members. Futures Commission Merchant and Introducing Broker Requirements The NFA and the commodity exchanges are self-regulatory organizations that are required to enforce CFTC-approved minimum financial and reporting requirements for their members. Futures Commission Merchant and Introducing Broker Requirements A futures commission merchant (FCM) plays an essential role in enabling customers to participate in the futures markets. An FCM is an individual or organization involved in the solicitation or acceptance of buy or sell orders for futures or options on futures in exchange for payment of money (commission) or other assets from customers.