NFA calls for closer scrutiny of CTA books

Proposals require additional financial reporting by CPOs and CTAs


The NFA has proposed tighter reporting requirements for member firms that are registered with the CFTC as CPOs and/or CTAs. The NFA proposals would require those firms to report new financial information about their assets, liabilities, revenues, and expenses—in order to get a clearer, earlier read on firms that may be facing financial difficulties.