Origin of the National Futures Association^®

In 1982, RCG Principal Leslie Rosenthal joined with futures brokers and other industry leaders to found the National Futures Association (NFA) under the authority of the Commodity Futures Trading Commission. He and his futures trading colleagues believed that the futures industry would be best served by an independent, self-regulatory organization.

Only the industry itself understood the intricacies of the business well enough to develop effective rules and programs to safeguard market integrity and protect investors. It would also be best positioned to help its members understand and meet their regulatory responsibilities.

100% Participation Provides Assurance

Because investor confidence is crucial to its success, membership in NFA is mandatory for all futures market participants. Everyone conducting business with the public on any U.S. futures exchanges is required to adhere to the NFA’s high standards of professional conduct.

NFA Tasks

The NFA oversees and protects investors from fraudulent commodities and futures activities. The NFA also provides mediation and arbitration for resolving consumer complaints. It is financed exclusively from membership dues and assessment fees paid by the users of the futures markets.

RCG and NFA

RCG has participated in the essential work of the NFA throughout its history. Currently, RCG President Maureen C. Downs serves on the NFA Board of Directors.