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NFA finalizes forex amendments
NFA finalizes forex amendmentsThe NFA has finalized several proposed amendments to rules governing forex dealer members (“FDM”). These amendments were first proposed September in rule submission...
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NFA forex dues to increase by February
NFA forex dues to increase by FebruaryThe CFTC has approved amendments to NFA bylaws 1301 and 1302, as well as the related interpretive notice “Forex Transactions”. These changes modify the existing...
View ArticleCFTC Issues No-Action Relief for Banks, Brokers, Advisors…
CFTC Issues No-Action Relief for Banks, Brokers, Advisors…The U.S. Commodity Futures Trading Commission issued a range of no-action letters today. The letters provide temporary relief for certain...
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CFTC Interprets Who Has to Register as Commodity Trading Advisor
The CFTC’s Division of Swap Dealer and Intermediary Oversight responded to a letter from the Futures Industry Association (FIA) requesting guidance for Commodity Trading Advisor (CTAs) registration...
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Bitcoin and Virtual Currency Reporting Requirements for NFA IBs, CPOs, CTAs,...
This month the National Futures Association announced to its members additional reporting requirements for Bitcoin or cryptocurrency soliciting, orders, trading, and offering such products. The notice...
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NFA Sends U.S Treasury OFAC Virtual Currency Compliance Notice to Members
Last week the NFA sent a notice regarding the Department of Treasury's Office of Foreign Assets Control (OFAC) as it applies to Virtual Currency such as Bitcoin. The NFA urges its Futures Commission...
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NFA Fines XFA Introducing Broker $100,000 For Compliance Violations
NFA Fines XFA Introducing Broker $100,000 For Compliance Violations Today the National Futures Association announced it ordered X-Change Financial Access, LLC. (XFA) Introducing Broker based in Chicago...
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NFA Board Approves Swaps Proficiency Requirements Program
Today the National Futures Association issued a press release announcing that its board approved the formation of a Swaps Proficiency Requirements Advisory Committee which will oversee the development...
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New NFA Virtual Currency Disclosure Requirements submitted to CFTC
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...
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HempCoin and Ayre: FINRA’s First Enforcement Action For Cryptocurrency
FINRA Charges Ayre with Fraud and Unlawful Distribution of Unregistered Cryptocurrency Securities HempCoin FINRA announced today that it filed a complaint against Timothy Tilton Ayre of Agawam,...
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