Release: #4601-02
For Release: February 1, 2002

CFTC’s Division of Trading and Markets Gives Additional Relief to Firms Affected by 9/11

Washington, D.C. -- The Division of Trading and Markets of the Commodity Futures Trading Commission has granted additional relief to futures commission merchants, introducing brokers, commodity pool operators, and commodity trading advisors (together, “registrants”) whose records were lost or destroyed in the attacks on the World Trade Center.

To obtain relief, registrants must submit by March 31, 2002, an inventory of the lost or destroyed records that identifies such records by category and date. Registrants will then only be required to reconstruct certain information specified in the Division’s advisory, including information on current customers (identification, elections, and necessary written authorizations), written acknowledgements of segregated accounts and risk assessment procedures.

Such information can be replaced with duplicates from other persons or recreated if no outside copies can be found. Commodity pool operators and commodity trading advisors whose data substantiating performance claims were lost or destroyed may rely upon performance figures included in a disclosure document filed with the National Futures Association prior to September 11, 2001.

Registrants should consult the advisory, which is available on the CFTC website, Copies of the advisory may also be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5100.

Those who need further information should contact Robert Wasserman, Associate Director, Division of Trading and Markets, at 202) 418-5092.