Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Would an FCM carrying an omnibus account ever be liable to NFA for the assessment fee on trades in the omnibus account?

April 26, 2017account assessment carrying fcm fee liable nfa omnibus trades

0

Posted

Would an FCM carrying an omnibus account ever be liable to NFA for the assessment fee on trades in the omnibus account?

1 Answer

0

Posted

Yes. If the originating broker is not an FCM Member, the carrying FCM pays the fee. This situation would arise where the originating broker is a foreign broker.