Breaking News

Tag Archives: National Futures Association

Jim Hourihane – Careers in Compliance MarketsWiki Education,MWEd,Video,video

“We’re trying to ensure market integrity, we’re trying to make sure investors are protected and we’re making sure all of our members are doing the right thing and following all the rules.” In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Jim Hourihane, compliance manager for the National Futures Association, breaks down how the NFA works and what kind of opportunities present themselves in compliance. With mountains of data in the financial sector, one of the goals of the NFA is to make sure that market and member data is safe and secure. Hourihane says the NFA’s new…

Robert K. Wilmouth Passes Away; Remembered as Respected Industry Leader and Colleague Blog,Commentary,Mwiki,ReformWiki,Regulation,Regulation & Enforcement

Robert K. Wilmouth, the founding National Futures Association president and CEO, passed away yesterday, the NFA said. Wilmouth served as head of the newly formed NFA from 1982 to 2003. He was succeeded by Dan Roth, who recently retired from the role and was replaced by Tom Sexton. Wilmouth also served as the president of the Chicago Board of Trade for about five years. He was brought to the exchange by then exchange chairman William D. Hagerty, Jr. Wilmouth’s futures industry career was preceded by some 27 years in banking, beginning in 1950 at the first National Bank of Chicago….

Next Man Up: Tom Sexton Takes The Reins At National Futures Association With An Eye On Technology and Swaps Regulation Feature,ReformWiki,Regulation,Regulation & Enforcement,Video,video

For the markets and market regulators, the industry is all about technology. Tom Sexton, who was named president and CEO of the National Futures Association (NFA) last week , said the organization is focused on upgrading its systems to keep up with the changing market landscape. Sexton, who has been at the NFA since 1991 and will take over for current CEO Dan Roth in March, spoke with John Lothian News about his new role and what’s next for the organization. “Some of our technology is old and some of our systems are 10-plus years or older,” Sexton said. Among…

Karen Wuertz, National Futures Association – Opportunity Behind Many Doors Blog,Feature,MarketsWiki Education,MWEd,Mwiki,video

“We’re looking for the bad apples, trying to find them as quickly as we can, and putting them out of business.” The futures markets are about two things — price discovery and risk transfer. But all businesses that attract capital also attract a small number of less-than-scrupulous participants, or “bad apples,” as Karen Wuertz, SVP of strategic planning and communications at the National Futures Association calls them in this MarketsWiki Education, Chicago 2016 presentation. Wuertz says the NFA, in its continuing mission to ensure market integrity and protect customers, is always on the lookout both for irregular market behavior and…

Vote Doug Bry and Ernest Jaffarian for NFA Board, CTA/CPO Category Blog,Commentary

With the permission of Doug Bry, Ernest Jaffarian and NFA election guidelines, I am writing you to urge your support of Doug and Ernest in the current NFA Board of Directors election. You should be receiving your ballots shortly. Doug Bry and Ernest Jaffarian deserve the votes of NFA member Commodity Trading Advisors and Commodity Pool Operators in the upcoming contested election for the Board of Directors of the National Futures Association. They have worked hard on behalf of CTAs and CPOs and have made a positive impact on the board. They deserve to be re-elected. The candidates they are…

Vote Doug Bry and Ernest Jaffarian for NFA Board, CTA/CPO Category Blog,Commentary

With the permission of Doug Bry, Ernest Jaffarian and NFA election guidelines, I am writing you to urge your support of Doug and Ernest in the current NFA Board of Directors election. You should be receiving your ballots shortly. Doug Bry and Ernest Jaffarian deserve the votes of NFA member Commodity Trading Advisors and Commodity Pool Operators in the upcoming contested election for the Board of Directors of the National Futures Association. They have worked hard on behalf of CTAs and CPOs and have made a positive impact on the board. They deserve to be re-elected. The candidates they are…

New Rules: NFA’s Dan Roth on Confirmations, Residual Interest and the Corzine Rule Interview,Regulation,Video

After the twin scandals of MF Global and Peregrine Financial rocked the futures industry in 2011 and 2012, the National Futures Association underwent a review, not only of its internal procedures, but also of its rules. In Part Two of this two-part John Lothian News exclusive, NFA CEO Dan Roth summarizes the changes made to the agency’s rules to restore customer confidence. Much of the rulemakings addressed by the NFA center on segregated funds – funds owned by customers that are placed on deposit with a futures commission merchant to cover margin on customer positions. “The most important and effective…

Internal Affairs: NFA CEO Dan Roth Highlights Changes in the Wake of MF Global and Peregrine Bankruptcies Blog,Regulation,Video

**Editor’s Note: As news content and technology continue to change, so do we at John Lothian News. Please take a look at our interview with Dan Roth of the NFA, and click on the embedded video sidebar, at the 1:09 or 3:40 minute, marks to see more of our interview. After the twin scandals of MF Global and Peregrine Financial rocked the futures industry in 2011 and 2012, the National Futures Association, underwent a review, not only of its internal procedures, but also of its rules. In Part One of this two-part John Lothian News exclusive, NFA CEO Dan Roth…

James Koutoulas Needs to Put Up or Step Aside Blog,Commentary,Managed Futures,Regulation

NFA board of directors member James Koutoulas has made some troubling accusations about the nomination of public directors by the NFA Board’s Executive Committee.  He needs to come forth with some convincing smoking gun, proving the conspiracy and cover up he is accusing NFA staff and fellow Executive Committee members of, or resign from the board. Word of Koutoulas’ accusations filtered out of a Commodity Customer Coalition Town Hall webcast and were reported by Lynne Marek of Crain’s Chicago Business. Koutoulas claims the NFA Executive Committee did not properly nominate the public directors to the NFA Board.  The chairman of…