"We have aimed to create free, easy-to-use resources for NFA Member Firms to remain in compliance. I think this is especially important as the CFTC proposes new regulations requiring forex managers to register as CPOs, CTAs, and IBs."
San Francisco, CA (PRWEB) February 9, 2010
In an effort to better serve firms registered with the Commodity Futures Trading Commission (“CFTC”), Mallon P.C. has developed a set of easy-to-use checklists to help investment managers follow proper National Futures Association (“NFA”) compliance procedures.
All NFA Member Firms must complete a self-examination of their compliance procedures on a yearly basis and Mallon P.C. aims to make the process more accessible and efficient to such firms. The checklists created by Mallon P.C. include a general checklist for all NFA Member Firms as well as specific checklists for the following CFTC registration categories: Commodity Pool Operators, Commodity Trading Advisors, Futures Commission Merchants, and Introducing Brokers. Mallon P.C. has also created a way for managers to make notes on potential compliance issues and to "attest" that they have completed the annual requirement. The goal of the checklists and supporting materials is to provide managers with an easy solution to keeping compliance orderly and up-to-date.
"Compliance has become an increasingly important area for investment managers. Many firms simply do not know what to do to remain in compliance because of hard to understand rules and regulations," said Bart Mallon, Esq. of Mallon P.C. "We have aimed to create free, easy-to-use resources for NFA Member Firms to remain in compliance. I think this is especially important as the CFTC proposes new regulations requiring forex managers to register as CPOs, CTAs, and IBs."
Mallon P.C. provides comprehensive support to hedge funds and investment managers throughout the United States. Mallon P.C. also provides legal, registration, and compliance support to futures and forex managers. If you have questions about registration (investment adviser, CPO, CTA) or questions regarding your firm's compliance program, please contact Bart Mallon.
The contents of this press release may be considered attorney advertising in some jurisdictions. Prior results do not guarantee a similar outcome.
Bart Mallon, Esq.