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Tag Archives: nfa

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….

Grasp Your Opportunities and Adapt – Tom Sexton Feature,MarketsWiki Education,MWEd,video

“Our markets here are the envy of the world because they are regulated in a very fair and orderly manner.” In this video from MarketsWiki Education’s World of Opportunity event in Chicago, Tom Sexton, president and CEO of the National Futures Association, discusses what opportunities lie in the regulatory arena. Sexton asks that when you look at all the different areas of finance, think about regulation and how important it is to not only the U.S. markets, but markets all around the world.

Correction: NFA and FINRA Do Recognize Other Regulator’s Bans Americas,Blog,Commentary,Investing & Trading,Mwiki,Regulation,Regulation & Enforcement

John Lothian

It turns out that the NFA and FINRA do jointly recognize the bans of other regulators already. In the specific case I mentioned, that of Jon Corzine, he would register if necessary with the SEC. Whether the SEC will recognize the ban of another regulator is a question I am still awaiting an answer. There is a loophole that was expanded by Dodd-Frank that allows hedge funds with less than $150 million to not have to register with the SEC. Tom Sexton of the NFA responded to my inquiry by saying: With regard to your column last week, you should…

Time to Close the Asset Class Ban Loophole Blog,Commentary,Investing & Trading,Mwiki,ReformWiki,Regulation,Regulation & Enforcement

Corzine and his ilk Should be Banned Across All Asset Classes Note: A correction to this story has been posted here. The NFA and FINRA to recognize the bans of other regulators. With the recent news that former MF Global CEO Jon Corzine is attempting to make a comeback at age 70 as a hedge fund manager, it became clear there is a hole in our regulatory system that needs to be fixed. Corzine is banned for life by the CFTC from trading futures, yet he can operate in the securities and FX worlds managing other people’s money. It is…

The Most Popular Stories of 2016 on JohnLothianNews.com Blog,Commentary,Exchanges, OTC & Clearing,Feature,Fintech,Investing & Trading,Mwiki,Regulation,Regulation & Enforcement,video

As we end 2016 we should all stop in at Ceres in the Chicago Board of Trade Building for a stiff drink and to shake the hand of Billy Assimos. He was the focus of the most read story on www.johnlothiannews.com in 2016, according to Google Analytics. Sarah Rudolph penned the story, “Billy Assimos, the Face of Ceres” in June of this year. Assimos is the longtime manager of Ceres, a restaurant and bar in the CBOT Building, and a friend of many. I guess it pays to serve the stiffest drinks in Chicago. Coming in second place was Jim…

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…

Invest in the Future; Trading Tech Awards Event to Launch Merit Badge Workshop Program Expansion Blog,Commentary,Giving News

Trading Tech Awards Event – Register Here For 45 years the financial community of Chicago has been supporting the Boy Scouts of America with an event that used to be held right on LaSalle Street under a big circus tent in front of the U.S. Federal Reserve Building. The event was the LaSalle Street Dinner. It still exists, but in a different form. In the past, leaders from the financial community, prominent bankers, brokers, clearinghouse executives and exchange leaders served as the chairs of the event. This year a humble media executive/Scouter and a FIA Principal Traders Group member firm executive…

Maureen Downs, Rosenthal Collins Group – Brutally Honest: The Role of the Mentor Feature,MarketsWiki Education,MWEd,Mwiki,video

“Everyone wants to be on their team. They understand human nature, they bring people together, they know how to resolve conflict. That makes a great mentor.” Maureen Downs never had a mentor, but she knows what it takes to be a good one. A mentor is not supposed to be your personal cheerleader, or a mommy figure, or a career navigator, and certainly not a fairy godmother who can wave a wand and make your career awesome. A mentor is a leader, one with energy, fresh ideas, a get-it-done attitude, and an ability to resolve conflict. Downs offers a direct,…

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…