Exemption Affirmation All exempt CPOs and CTAs have until March 2, 2020 to complete the affirmation process. However, because it may be difficult for NFA members to conclusively determine whether a previously exempt CPO or CTA continues to be eligible…
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SWAPs Proficiency Now Available for FCMs, IBs, CPOs, and CTAs
As of January 31, 2020 the SWAPS Proficiency Requirements are available online for all APs at FCMs, CPOs, CTAs, and IBs. All said APs must be enrolled by January 31, 2021 to remain approved as a swap AP or continue…
CTA Performance Reporting and Disclosures – Amendments become effective February 1, 2020
Effective Date for Amendments to NFA Requirements Related to CTA Performance Reporting and Disclosures NFA Compliance Rule 2-34 and the related Interpretive Notice entitled CTA Performance Reporting and Disclosures establish performance reporting and disclosure requirements for commodity trading advisor (CTA) Members. NFA recently…
Tax Reminder – Deductions No Longer Allowed
Even though this change occurred in 2018, we wanted to make sure to remind everyone of this disallowed deduction as it may not have applied to you but may in 2019. Effective January 1, 2018, expenses subject to a 2%…