05-27-14
Regulatory Brief - Rules for CPOs and CTAs
In light of the wave of fraud committed by pools in recent years, the National Futures Association (“NFA”) is considering moving towards a more stringent regime for commodity pool operators (“CPOs”) and commodity trading advisors (“CTAs”). On January 23, 2014, the NFA issued a Member Notice in which it sought comments on new proposed CPO and CTA capital requirements and customer protection measures.