What is a Disciplined Firm for purposes of the enhanced supervisory requirements?
A Disciplined Firm is one that has been sanctioned by NFA or the CFTC during the last five years or permanently barred by NFA or the CFTC based on a formal charge of sales practice or promotional material violations or a firm that has been ever been sanctioned for sales practices involving the offer, purchase or sale of security futures products.
Related Questions
- Do FDMs and independent IBs that qualify for the enhanced supervisory requirements have higher capital requirements?
- Does a CPO or CTA that qualifies for the enhanced supervisory requirements have to meet capital requirements?
- What are the criteria NFA uses in determining who must comply with the enhanced supervisory requirements?
