The National Futures Association (NFA) has announced that it will make certain financial information about its futures commission merchant (FCM) members publicly available. You can access this information by going to the NFA's "BASIC" database of member information and searching for any FCM by name.
Specific information that is available at BASIC consists of:
FCM Capital Reports;
FCM Customer Segregated Funds Reports;
FCM Customer Secured Funds Amount Reports; and
FCM Cleared Swaps Customer Collateral Report.
By way of example, these reports include a breakdown of the manner in which an FCM is investing its customer property (i.e., by type of investment, cash, government securities, money market funds, etc.).
This information is being provided in response to the Commodity Futures Trading Commission's November 2013 overhaul to its customer protection rules. An earlier posting that summarizes these rules is available here.
Good day. Good thing to know about? We think so.
This article is presented for informational purposes only and is not intended to constitute legal advice.
