The SEC and Finra are hosting their 2019 National Compliance Outreach Program for Broker Dealers on June 27th in Chicago. The program will be held at the Federal Reserve Bank of Chicago. Additionally, the compliance program will also be webcast….
News
NFA Approves Surcharge for Certain Swaps
Pending approval by the CFTC , NFAs Board of Directors has approved an annual dues surcharge of $1,750.00 on Certain NFA Members including FCMs for which NFA is the DSRO, IBs, CPOs, and CTAs that are approved as swap firms….
Anti-Money Laundering Deficient Jurisdictions
The NFA has put out an updated list of jurisdictions that are deficient in anti-money laundering and anti-terrorism rules. There are some of the usual suspects (Iran) and a few new ones (Cambodia). Financial institutions should be aware of changes…
NFA Amends Swap Rules
Effective Date: January 31, 2020 NFA has recently amended NFA Bylaw 301 and NFA Compliance Rule 2-24 as well as adopted a new Interpretive Notice entitled NFA Bylaw 301 and Compliance Rule 2-24: Proficiency Requirements for Swap APs to implement…