Regulatory Alerts2013-11-08 | 2013-26790Membership in a Registered Futures Association
The Commodity Futures Trading Commission proposes to amend its regulations to require all persons registered as introducing brokers, commodity pool operators, and commodity trading advisors to become and remain members of a registered futures association. This rule aims to close regulatory gaps created by the Dodd-Frank Act by ensuring comprehensive market oversight and consistent treatment for all registered intermediaries. The proposal mandates membership to facilitate effective self-regulation by the National Futures Association, which currently serves as the sole registered futures association.
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