SIFMA AMG Submits Comments to the NFA on CPO and CTA Capital Requirements and Customer Protection Measures

The Asset Management Group of SIFMA ("SIFMA AMG") submitted comments to the National Futures Association ("NFA") in response to its comment request (NTM I-14-03) concerning possible capital requirements and other customer protection measures for registered CPOs and CTAs.

In the comment letter, SIFMA AMG stated that, while it agrees with the NFA insofar as MRAs do present legitimate concerns about fraud and mismanagement of client assets, it believes that those concerns cannot be mitigated by a capital requirement or the other measures discussed in its recent Notice to Members.

See: SIFMA Comment Letter.Related news: MFA Submits Letter to NFA on Proposed CPO/CTA Capital Requirements (with Lofchie Comment) (April 15, 2014) and NFA Requests Comments Regarding CPO/CTA Capital Requirement and Customer Protection Measures (with Lofchie Comment) (January 23, 2014).