Basic Information

Name: National Futures Industry Association

Abbreviation: United States (NFA)

Website: https://www.nfa.futures.org/

Agency presentation

National Futures Association (National Futures Association, NFA), a non-commercial independent agency for US futures and foreign exchange transactions. The National Futures Association (NFA) is a self-regulatory organization for the futures industry established in 1976 in accordance with the provisions of Section 17 of the US Commodity Exchange Act. It is a non-profit membership organization. Section 17 of the Commodity Exchange Law originated from Chapter 3 of the Commodity Futures Trading Commission (CFTC) Act of 1974. This part stipulates the registration of futures associations and CFTC’s supervision of futures professional self-regulatory associations. On September 22, 1981, the CFTC accepted the NFA and formally became a “registered futures association”. On October 1, 1982, the NFA officially began operations.

More information

Supervised company
Forex Jiasheng, Tracker Global

Regulatory characteristics
In recent years, NFA has been committed to developing innovative and technology-driven regulatory procedures to enable its members to meet their legal obligations with lower costs and higher efficiency. In the more than 20 years since the establishment of NFA, although the work content of NFA has increased a lot, the work efficiency of NFA has not decreased. On the contrary, the work efficiency has been greatly improved while the cost and the number of employees have remained stable. Benefit from the contribution of technological innovation. For example, the “online registration system” developed by NFA in the past two years alone can save NFA US$250,000 per year.

Introduction to Regulators
National Futures Association (National Futures Association), referred to as NFA. The National Futures Association (NFA) is a futures industry self-regulatory organization established in 1976 in accordance with the provisions of Section 17 of the US Commodity Exchange Act. It is a non-profit membership organization and a non-commercial independent regulatory agency for futures and foreign exchange transactions in the United States. . Section 17 of the Commodity Exchange Law originated from Chapter 3 of the Commodity Futures Trading Commission (CFTC) Act of 1974. This part stipulates the registration of futures associations and the CFTC’s supervision of futures professional self-regulatory associations. On September 22, 1981, the CFTC accepted the NFA and formally became a “”registered futures association”. On October 1, 1982, the NFA officially began operations.

Regulatory responsibilities
Several regulatory responsibilities performed by NFA are: ● Review and supervise members that must meet NFA’s financial requirements; ● Formulate and enforce rules and standards to protect the interests of customers; ● Arbitrate disputes related to futures; Futures agents (FCMs), introducing brokers (IBs), commodity trading advisors (CTAs) and commodity joint venture fund managers (CPOs) can all become members of the NFA. In addition, as authorized by Section 17, NFA performs some of the registration functions previously performed by the CFTC in the Commodity Exchange Law. Any organization or individual registered in the CFTC can become a member of the NFA, including all futures exchanges and any other futures business, as long as the applicant meets the membership qualifications of the NFA. In addition, since August 31, 1985, in accordance with the Commodity Exchange Act, employees of NFA members as “”associated persons”” are required to register as “”associated members” of NFA.” The CFTC also authorizes the NFA to handle applications for registration of floor brokers and floor dealers. According to NFA rule 1101 and CFTC rule 17015, all FCM, IB, CTA and CPO must take advantage of NFA membership.

How to complain
Chicago Headquarters 300 S. Riverside Plaza, #1800 Chicago, IL 60606-6615 (312) 781-1300 (312) 781-1467 (fax) New York Office 120 Broadway, #1125 New York, NY 10271 (212) 608-8660 (212) 964-3913 (fax) Open http://www.nfa.futures.org/index.asp to enter the customer claim page http://www.nfa.futures.org/NFA-arbitration-mediation/index.HTML

How to check
Enter the supervision number into http://www.nfa.futures.org/basicnet this page NFA ID prompt input box, and then press the go button, there will be information about the broker being supervised.

How to regulate
NFA performs some of the registration functions previously performed by the CFTC in the Commodity Exchange Law. Any organization or individual registered in the CFTC can become a member of the NFA, including all futures exchanges and any other futures business, as long as the applicant meets the membership qualifications of the NFA. In addition, since August 31, 1985, in accordance with the Commodity Exchange Law, employees of NFA members as “associated persons” are required to register as “associated members” of NFA. The CFTC also authorizes the NFA to handle applications for registration of floor brokers and floor dealers. According to NFA rule 1101 and CFTC rule 17015, all FCM, IB, CTA and CPO must take advantage of NFA membership.