NFA Bars Chicago Commodities Firm

“NFA has permanently barred Systra LLC (Systra), an NFA Member commodity trading advisor located in Chicago, Ill., and its sole principal and associated person Robert H. Kopp from membership and from acting as a principal…

NFA Bars Commodity Pool Operator

The NFA announced the action against Beverstone Fund Management. “NFA has permanently barred Beverstone Fund Management (Beverstone), an NFA Member commodity pool operator and commodity trading advisor located in George Town, Cayman Islands, and its…

Wells Fargo -New York

NFA Sanctions a Wells Fargo Division

The National Futures Association, the futures industry SRO, cited a swap dealer division of Wells Fargo Division recently and ordered that dealer to pay $2,500,000. “On August 9, 2019, the Committee issued a complaint against…

CFTC

NFA Leader Speaks on the Hill

The self-regulatory organization (SRO) overseeing derivatives was in front of Congress, laying out its vision.  The National Futures Association (NFA) is the SRO for the derivatives industry and NFAs President, Thomas Sexton, was one of four witnesses to…

CFTC

Futures SRO Talks Budget

The National Futures Association (NFA) is an SRO which governs futures participants and Futures SRO Talks about its budget too. “In 1974, Congress established the Commodity Futures Trading Commission (CFTC). The same legislation that established…