Proposed Amendment to NFA Compliance Rule 2-46

On Sept. 6, 2016 the NFA submitted to the CFTC a proposed amendment with regard to reporting financial information on NFA forms PQR and PR.  This amendment will allow the NFA to collect financial information on the financial condition of Commodity Pool Operators and Commodity Trading Advisor Members to identify firms that may face financial … Read More

Reminder: NFA Imposes Late Fee – Effective September 30, 2016

Expect to be hit with a $200 a day late fee by the NFA if you don’t file your forms PQR or PR on time. The NFA has a continuing problem with delinquent firms filing these forms after the deadline even though staff has routinely followed up with these firms.   NFA Compliance Rule 2-46 … Read More

SEC Rule – Set to Expire

As of July 31, 2016, Broker Dealers, including those dually registered as Futures Commission Merchants, will be prohibited from offering or entering into a transaction with a person who is not an eligible contract participant (retail forex transaction). A retail forex transaction includes an agreement, contract, or transaction in foreign currency that is a contract … Read More

Six Major Costs of Starting a Hedge Fund

Beyond designing an investment strategy is the important task of setting up your firm infrastructure, and that includes how to budget the costs of starting your hedge fund. To outline cost estimates of what it takes to start a hedge fund, here are six of the major Start Up Services using  a hypothetical hedge fund: ————- Great Example Capital … Read More

NFA Enforces Deadlines for CTA and CPO Late Filings

NFA Compliance Rule 2–46 requires CPOs and CTAs to file NFA Form PQR and NFA Form PR, respectively, with NFA on a quarterly basis.  The information within these quarterly forms helps NFA determine it’s examination schedule in search of firms that require additional monitoring. However, NFA has experienced a continuing problem with a limited number … Read More

2016 NIBA/DePaul Event – July 14, 2016

The National Introducing Broker Association is hosting an informative and instructive afternoon briefing July 14th, 2016 at DePaul University, 8th Floor Conference Center, 1 E. Jackson Blvd, Chicago, IL  60604. Topics will include sessions on cybersecurity and managed futures.  There will also be a networking cocktail reception immediately following the briefing. NIBA Members who attend … Read More

Important Tax Filing Deadlines – Date Change

Due to celebration of Emancipation Day in Washington D.C. on April 15th, the usual day earmarked as “Tax Day”, the deadline for filing tax returns is Monday, April 18, 2016. If you plan to file an extension, the deadline is also Monday, April 18, 2016. If the extensions are filed on time, the deadline for … Read More

The How, Why and When of Selecting a Fund Auditor

How or when to select or change a fund audit firm for your hedge fund, CTA or other alternative investment business can seem like a daunting decision for any fund manager. However, it can be done with the right considerations and processes in place. WHEN TO SELECT A FUND AUDITOR Many fund managers are under … Read More