National-Futures-Association

The National Futures Association (NFA) is an independent, self-regulatory regulator in the United States, mainly responsible for supervising the behavior of futures, foreign exchange trading and other derivatives markets. NFA's mission is to ensure the integrity of the derivatives industry, protect investors, and promote fair competition in the market. Its responsibilities include:

Supervising the futures and foreign exchange markets: NFA is responsible for supervising the US futures market, retail foreign exchange dealers and swap dealers to ensure that they comply with industry standards and regulations.

Protecting investors: NFA protects investors from fraud, misconduct and financial risks by setting strict standards and performing compliance reviews.

Member compliance checks: All futures brokers, foreign exchange brokers, commodity trading advisors and other related companies must be members of NFA. NFA conducts regular compliance checks to ensure that members meet regulatory requirements.

Anti-money laundering and counter-terrorism financing: NFA requires its members to comply with the US anti-money laundering (AML) and counter-terrorism financing (CTF) regulations and regularly checks members' compliance.

Market transparency and integrity: NFA strives to improve market transparency, combat market manipulation, fraud and insider trading, and maintain market integrity.

Dispute Resolution: NFA provides dispute resolution services to investors and industry members, helping to resolve disputes and providing mediation.

As an independent regulator, NFA works with the U.S. Commodity Futures Trading Commission (CFTC) to ensure the stability and legality of the futures and derivatives markets.