Forex Compliance

It is no secret that the NFA has set its regulatory agenda on policing the forex industry. Because of the increased focus on the industry, it is absolutely critical that forex managers address and implement various compliance procedures so that their firm remains in compliance at all times with CFTC Regulations and NFA Rules.

Many of our compliance services, including a customized compliance manual with policies and procedures, can be provided to managers as part of the forex registration process. Additionally, we are able to provide registered firms with bespoke legal and consulting services to fit any need. In addition to compliance consulting, we can also provide mock examinations as well as representation of clients before the NFA, should an issue arise in an NFA examination.

[Potentially discuss our compliance goals.]

Compliance Consulting

Some of the major services we provide to our clients include:

implement and outline periodic duties of compliance officer
branch office compliance
help with NFA self-examination checklist
disclosure document review
account opening/maintenance policies and procedures
books and records; recordkeeping requirements
promotional material review
cash management policies and procedures
email retention and review policies and procedures
AML policies and procedures
Business Continuity and Disaster Recovery Planning
other operational policies and procedures (sales, supervision, order flow, registration, financials)

Performance Calculations and Reporting

The NFA is especially concerned about proper performance reporting and calculations. Please contact us to discuss your individual circumstances.

Ethics Training

All NFA member firms are required to implement an ethics program that is appropriate for their individual circumstances. We work with a large number of clients of all sizes and will help you to implement an initial ethics training program as well as an ongoing program that meets the requirements of the NFA Rules.

Mock NFA Examination

Our compliance group is well versed in the NFA exams and what you should expect. We recommend groups periodically retain our firm to go through a mock examination. The mock examination will provide you with a general idea of how the NFA would view your compliance program and it will help you to strengthen those parts of your program which are out of compliance.

Legal Representation before NFA

Our attorneys have represented groups before the NFA and we will vigorously defend our clients.

Laws, Regulations and Rules

We have gathered all of the forex laws, regulations and rules that your firm must follow as a CFTC registrant and NFA Member. Some of the major laws application for forex managers include

NFA Rule 2-41 - Disclosure Documents [to be linked]

NFA Rule 2-29 - Communications; Anti-Frau [to be linked]

NFA Rule 2-9 - Supervision and AML [to be linked]

NFA Rule 2-10 - Recordkeeping [to be linked]

NFA Rule 2-38 - Business Continuity & DRP [to be linked]