NFA set the effective date of September 30, 2021, for a recently adopted interpretive notice concerning members' use of third-party service providers.
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NFA approved the adoption of a new interpretive notice that requires CFTC-registered firms that outsource regulatory obligations to implement a written supervisory framework governing the outsourcing arrangements.
In the U.S. District Court for the Southern District of New York, a pair of affiliated interdealer brokers settled CFTC fraud charges related to fictitious bids that had not been made and reported trades that had not occurred.
NFA announced the effective date of rule amendments designed to clarify the applicability of certain NFA rules and interpretive notices to certain regulated entities.
Two interdealer brokers settled separate New York State and CFTC charges for fraudulent practices involving foreign exchange currency options.