If you plan on becoming a commodity pool operator, you should be aware of the registration requirements as well as the qualifications to operate an exempt commodity pool. Exempt commodity pools are still required to follow the registration outlined in…
NFA Compliance Brief: Futures Proficiency Exam Update
As of June 9, 2023 FINRA will end the current interim accommodation process for the Series 3, Series 31, Series 32, and Series 34 exams. Only certain individuals will be able to reques the online administration of these exams. These…
NFA Compliance: Annual Affirmation Reminder
Commodity Pools: Reminder to Reaffirm Exemptions The CFTC requires any person that claims an exemption from Commodity Pool registration under CFTC Reg 4.13(a)(1), 4.13(a)(2), 4.13(a)(3), 4.13(a)(5), an exclusion from Commodity Pool registration under Reg 4.5 or a Commodity Trading Advisor…
Crypto Brief: Two Cryptocurrencies To Be Regulated as Commodities Per New Bill In the Senate
A bipartisan bill proposed in the Senate named the Digital Commodities Consumer Protection Act was introduced in late July. This legislation clarifies that bitcoin and ether, two popular cryptocurrencies, are classified as commodities, as opposed to securities which are under…