The NFA will soon require CPO, CTA, FCM, and IB member firms to provide various disclosures warning investors of virtual currency spot and derivatives trading risks.
New disclosure requirements warning customers, counterparties, and investors of the risks of engaging in virtual currency transactions will come into effect on October 31, 2018 for certain National Futures Association (NFA) member firms. Late this past summer, the NFA submitted a proposed interpretive notice to the US Commodity Futures Trading Commission (CFTC) applicable to NFA member firms registered as futures commission merchants (FCMs), introducing brokers (IBs), commodity pool operators (CPOs), and/or commodity trading advisors (CTAs and, collectively with FCMs, IBs, and CPOs, NFA Members) (the Notice).
Please see full publication below for more information.