National Futures Association (NFA)

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Definition of 'National Futures Association (NFA)'

The National Futures Association (NFA) is a self-regulatory organization (SRO) that oversees the futures industry in the United States. The NFA was created in 1974 by Congress as part of the Commodity Futures Trading Commission (CFTC) Act. The NFA's mission is to protect the public from fraud, manipulation, and other abuses in the futures industry.

The NFA accomplishes its mission by registering and regulating futures professionals, overseeing futures exchanges, and conducting market surveillance. The NFA also provides educational resources to the public about the futures industry.

The NFA is funded by assessments on futures professionals and exchanges. The NFA has a board of directors that is composed of representatives from the futures industry, the public, and the CFTC.

The NFA is a powerful organization that has a significant impact on the futures industry. The NFA's regulations help to ensure that the futures industry is fair and transparent. The NFA's oversight also helps to protect the public from fraud and abuse.

The NFA is an important part of the U.S. financial system. The NFA's work helps to ensure that the futures industry is a safe and efficient place for investors to trade.

Here are some additional details about the NFA:

* The NFA is headquartered in Chicago, Illinois.
* The NFA has over 5,000 employees.
* The NFA regulates over 400 futures exchanges and 500,000 futures professionals.
* The NFA's website is www.nfa.futures.org.

If you are interested in learning more about the NFA, you can visit the NFA's website or contact the NFA directly.

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