About NFA (National Futures Association)

NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. including on-exchange traded futures, retail off-exchange foreign currency and OTC derivatives.

NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.

NFA is headquartered in Chicago and maintains an office in New York City

Founded: 1982

Headquarters location: Chicago, Illinois, United States

Key people: Thomas W. Sexton III, President and CEO; Michael Dawley, Chairman


Enforcement & Registration Actions

NFA has the authority to take disciplinary actions against any Member or Associate that violates its rules. If an NFA Member or Associate engages in conduct that puts customers, the futures markets, or other Members at risk, immediate action will be taken accordingly.

Conduct Due Diligence - BASIC

BASIC is a tool that Members and investors can use to research the background of derivatives industry professionals. Whether you are an investor thinking about opening a futures account or an NFA Member contemplating a new business relationship, BASIC can be a valuable resource.

NFA Commodity Pool Operator (CPO) Members

A commodity pool operator (CPO) is an individual or organization that operates a commodity pool and solicits funds for that commodity pool. A commodity pool is an enterprise in which funds contributed by a number of persons are combined for the purpose of trading futures contracts or options on futures, retail off-exchange forex contracts, or swaps, or to invest in another commodity pool.



Futures Commission Merchant (FCM) Members

A futures commission merchant (FCM) is an entity that solicits or accepts orders to buy or sell futures contracts, options on futures, retail off-exchange forex contracts or swaps, and accepts money or other assets from customers to support such orders. 

News Releases

NFA issues news releases to announce any significant disciplinary action or other NFA news.

2019 | 2018 | 2017 | 2016 | 2015 | Show more years

November 25, 2019
NFA Board appoints Michael Otten as new Vice President, OTC Derivatives and promotes Nancy Bohanon to Vice President, Human Resources

November 06, 2019
NFA orders Jersey City, N.J. commodity pool operator and commodity trading advisor Golden Meadow Investments LLC to both withdraw from and never again apply for NFA membership

October 29, 2019
NFA bars Wichita, Kansas commodity pool operator Plutus Capital Management LLC from membership

September 20, 2019
NFA bars former Fort Lauderdale, Fla. introducing broker and commodity trading advisor Fortress Capital, Inc. and its former sole principal George Ashkar from membership for five years

September 17, 2019
NFA bars Chicago, Ill. commodity trading advisor Systra LLC and its principal Robert H. Kopp from membership

August 15, 2019
NFA bars George Town, Cayman Islands commodity pool operator and commodity trading advisor Beverstone Fund Management and its principal Roland Kaehler from membership

August 09, 2019
NFA orders San Francisco, Calif. swap dealer Wells Fargo Bank, N.A. to pay a $2,500,000 fine

August 07, 2019
NFA orders Bedminster, N.J. futures commission merchant and forex dealer member Gain Capital Group LLC to pay a $50,000 fine

August 06, 2019
NFA takes emergency enforcement action against Walnut Creek, Calif., commodity pool operator and commodity trading advisor Denari Capital LLC and its principal Travis Gregory Capson

June 06, 2019
NFA orders Houston, Texas introducing broker Classic Energy LLC to pay a $200,000 fine and suspends its president, Mathew Webb, from NFA membership

May 29, 2019
NFA orders New Canaan, Conn. former commodity pool operator and commodity trading advisor Almas Capital Management LLC and its former sole principal Mark Nichols to both not reapply for NFA membership