For Release: July 17, 2002
CFTC Notifies National Futures Association of Results of a
Rule Enforcement Review
Washington, D.C. -- The Commodity Futures Trading Commission (Commission) has notified the National Futures Association (NFA) of the results of a rule enforcement review completed by the Commission's Division of Clearing and Intermediary Oversight (DCIO). The purpose of the review was to evaluate NFA's disciplinary program. DCIO found that NFA's disciplinary program is generally well-designed and is executed by well-trained, experienced staff. The program is highly successful in obtaining judgments against those NFA members that NFA staff has determined have committed violations meriting discipline. The Division’s review also identified several areas that provide further opportunities for improvement in NFA’s program and included four recommendations.
Copies of the report are available from the Commission's Office of External Affairs, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5080, or by accessing the Commission's website at www.cftc.gov.