Compliance / Legal

As a NIBA member, you are already familiar with the process of applying for CFTC registration and NFA membership. But you may not be familiar with the diverse array of…

On Friday, June 6 the CME Group notified us about a new "netting" policy with regard to market data fees which will apply to IBs. The NIBA has been communicating…

The latest issue of the IMF’s Global Financial Stability report (GSFR, March 2014) provides a comprehensive analysis of the “too important to fail” (TITF) problem.   http://www.imf.org/External/Pubs/FT/GFSR/2014/01/index.htm  The TITF problem…

In Re: Notice to Members I-14-03 Request for Comments - CPO/CTA Capital Requirement and Customer Protection Measures April 14, 2014 National Futures Association:  The following comments regarding the above captioned…

Notice to Members I-14-09 April 2, 2014 FinCEN Issues an Advisory on the FATF-Identified Jurisdictions with AML/CFT Deficiencies On March 25, 2014, the Financial Crimes Enforcement Network (FinCEN) issued an…

Peregrine Financial Group Inc.’s trustee agreed to settle a dispute with JPMorgan Chase & Co. in a deal that will bring more than $15 million to creditors of the commodities…

New recording requirements went into effect in January. Although some IBs are exempted, many are not. The NIBA has opposed this requirement from its beginnings, noting that enforcement is difficult…

As the world’s investors become more sophisticated, the quest for portfolio diversification using more advanced strategies is growing.  Investors from Wall Street to Main Street are seeking to include strategies…

CFTC CFTC Adopts Rules Regarding Risk Management Programs for FCMs New CFTC Regulation 1.11 imposes specific risk management requirements on FCMs that accept any money, securities, or property (or extend…

Recent changes to FINRA’s suitability rule may have implications for the futures industry. The futures industry has never had a suitability rule. In 1978, the U.S. Commodity Futures Trading Commission…