The NFA alleged that an introducing broker failed to (i) "keep full, complete and systematic records of all transactions relating to [the broker's] business of dealing in commodity interests," and (ii) supervise employees' recordkeeping activities.
The National Futures Association reminded certain futures commission merchants and retail foreign exchange dealers that regulatory filings will be affected due to the Christmas and New Year's Day holidays.
The National Futures Association proposed an Interpretive Notice that requires commodity pool operators to adopt internal control systems to deter fraud, protect customer funds and pool assets, and assure the accuracy of records.
The CFTC proposed amending a rule requiring certain "covered persons" to provide annual privacy notices to customers at least once a year during the life of a customer relationship. The amendment was published in the Federal Register.