Futures News 

Don’t rush to sue NFA! Seek CFTC review first

“The NFA is a registered futures association that operates as a self-regulatory organization, and is overseen by the CFTC. While the NFA is a private organization, it performs regulatory functions to safeguard the integrity of the derivatives markets that the CFTC would otherwise have to undertake” reports financefeeds.com. Furthermore, 7 U.S.C. § 21(j) obligates every registered futures association to file with the CFTC copies of any changes in or additions to the rules of the association—the CFTC might disapprove such rules if they are inconsistent with the requirements governing registered futures associations.
 
Source: financefeeds.com



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