If any of the disciplinary information questions on Forms 7-R or 8-R are answered “yes” what is the likelihood that the registration will be approved?
If the matter disclosed is a disqualification from registration under either Section 8a(2) or 8a(3) of the Commodity Exchange Act, the application will probably be reviewed by an internal NFA committee. The committee will review the circumstances of each disqualification independently and decide whether to approve the registration or recommend that a proceeding be initiated to deny the registration.
