Over the past several months, NFA has worked with the industry to develop a number of rules to strengthen the protection of customer segregated funds. We will describe these rules in detail, including the adoption of NFA Financial Requirements Section 16, and steps we are proposing to obtain real-time information from FCMs' depositories.
Additionally, the CFTC imposed new requirements under Regulation 1.71, which calls for the development of procedures for all IBs and FCMs relating to research reports. We will discuss some of the common questions relating to this regulation and how firms can comply with the new requirements.
Jennifer Sunu is Director of Compliance at National Futures Association (NFA), where she has worked since July 1994. Ms. Sunu’s responsibilities include supervising the Compliance Department in its completion of its core functions, including audits, investigations, and financial surveillance; overseeing the development of enforcement cases; responding to Member inquiries; and informing Members of NFA’s initiatives through Member meetings and industry conferences.
Ms. Sunu has a B.S. degree in accounting from University of Illinois at Chicago. She is also a Certified Regulatory Compliance Professional, having receiving this designation through the FINRA Institute at The Wharton School of Business.
She is a member of the Legal Panel Update session presentation at the NIBA September 12 program in Chicago, and will discuss NFA Financial Requirements Sec. 16 and answer your question about complying with CFTC Reg. 1.71.
Contact Information: Jennifer Sunu, jsunu@nfa.futures.org or 312.781-1402.
