cite any sources . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . july 2008 learn how and when to remove this template message national futures association nfa founded 1982 headquarters chicago key people daniel j. roth president and ceo michael dawley chairman products registration compliance enforcement member and investor education market surveillance website www.nfa.futures.org national futures association nfa is the self regulatory organization for the u.s. derivatives industry including on exchange traded futures retail off exchange foreign currency forex and otc derivatives swaps . for more than 30 years nfa has developed and enforced rules provided programs and offered services that safeguard market integrity protect investors and help our members meet their regulatory responsibilities . investor confidence is crucial to the success of the derivatives markets and the best way to gain investor confidence is to demand the highest levels of integrity of all market participants and intermediaries . membership in nfa is mandatory assuring that everyone conducting business with the public on u.s. futures exchanges and in the retail forex marketplace must adhere to the same high standards of professional conduct . nfa membership also is mandatory for swap dealers and major swap participants . nfa s membership currently numbers approximately 4 000 firms and 55 000 associates . nfa is a non profit independent regulatory organization . nfa does not operate any markets and is not a trade association . nfa operates at no cost to the taxpayer it is financed exclusively from membership dues and assessment fees . nfa is headquartered in chicago il and also maintains an office in new york city . history edit in 1974 congress established the commodity futures trading commission cftc a federal regulatory agency with jurisdiction over futures trading . the same legislation authorized the creation of registered futures associations giving the futures industry the opportunity to create a nationwide self regulatory organization . nfa began operations in 1982 . congress passed legislation in 2000 and 2008 requiring firms acting as counterparties to retail forex transactions as well as forex pool operators trading advisors and introducing brokers to register with the cftc and become members of nfa . similarly in 2010 congress passed the dodd frank wall street reform and consumer protection act which gave the cftc rulemaking authority and oversight over swaps swap dealers and major swap participants . subsequently the cftc passed regulations requiring swap dealers and major swap participants to register with the cftc and become members of nfa . nfa resources edit background affiliation status information center basic a valuable open resource for both nfa members and the general investing public basic contains commodity futures trading commission cftc registration and nfa membership information and futures related regulatory and non regulatory actions contributed by nfa the cftc and the u.s. futures exchanges . news center current information on nfa s activities for members investors other regulators and the media . here you will find news releases notices to members speeches and testimony given by nfa staff comment letters rule submissions and enforcement and registration actions . investor information before participating in the futures or foreign currency markets investors should learn as much as they can about how the markets work and the firms and individuals they are doing business with . to help investors perform due diligence before making any investment decisions nfa provides a variety of resources . market regulation nfa has provided regulatory services to designated contract markets dcms on a contractual basis for more than ten years . since 2013 nfa has offered similar services to sefs . external links edit official website retrieved from https en.wikipedia.org w index.php title national futures association & oldid 710531568 categories financial regulatory authorities of the united statescommodity marketsfinancial marketsderivatives finance self regulatory organizationssecurities clearing and depository institutionssystemic riskhidden categories articles lacking sources from july 2008all articles lacking sources navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 17 march 2016 at 14 15 . text is available under the 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