Can the NFA take enforcement action?
Enforcement & Registration Actions
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.
Who needs to register with the NFA?
Any futures commission merchant, swap dealer or major swap participant, retail foreign exchange dealer, introducing broker, commodity pool operator, commodity trading advisor, or non-natural floor trader can establish a prepaid account with NFA. No minimum balance is required.
Who funds the NFA?
NFA is primarily financed with payments from membership dues and fees, and from assessment fees paid by Members and users of the derivatives markets.
Is the NFA a government agency?
The National Futures Association (NFA) is an independent self-regulatory organization for the U.S. futures and derivatives markets. Firms and individuals working in the futures and derivatives industry pay membership dues and must uphold the rules imposed by the NFA.