COMMODITY FUTURES EDUCATION
Center for Futures Education, Inc. has been providing futures training courses and self-study materials for more than 30 years. Our customers find that we have high-quality, well-written material that is easy to understand and teaches you what you need to know for your exam, or for basic trading techniques. We offer courses to prepare you for the NFA Series 3 exam and Series 34 exam, as well as the Series 30 exam and Series 31 exam. We also offer flexible-length Futures Ethics Training that lets you document your initial or periodic training for purposes of NFA audits. Training in Anti-Money Laundering regulations is also offered.
Order one of our online courses and get started studying today! Receive an automated e-mail with your PIN and access information within minutes of placing your order.
FREE: telephone/e-mail/Skype tutoring service for our students. Many of our courses are offered in a print version, as well as an online version. Combo packs can be purchased for greater value.
Brokerage firm premiums, such as downloadable booklets, are a great way to show your customers how much you appreciate their business.
FinCEN has updated its list of Jurisdictions with AML/CFT Deficiencies
FinCEN issued an advisory announcing that the FATF list of jurisdictions with AML/CFT deficiencies has been updated. NFA instructs its FCM and IB Members to review the updated list and revise their AML programs as necessary. The advisory can be viewed on the FinCEN web site.
Forex Minimum Security Deposit Increase
Effective September 24, 2018 at 5:00 p.m. CT, security deposits for both new and existing positions in Turkish Lira and South African Rand have been increased and remain in effect until further notice. Turkish Lira security deposits are now 12%, and South African Rand security deposits are 7%.
NFA Interpretive Notice regarding Virtual Currency Activities
NFA adopted the Interpretive Notice, "Disclosure Requirements for NFA Members Engaging in Virtual Currency Activities," to establish disclosure requirements for FCMs, IBs, CPOs, and CTAs engaging in virtual currency or virtual cureency derivative (such as Bitcoin) activities, with an effective date of October 31, 2018. It requires FCMs and IBs to provide virtual currency derivative customers with "NFA Investor Advisory—Futures on Virtual Currencies Including Bitcoin" and "CFTC Customer Advisory: Understand the Risks of Virtual Currency Trading," when or before they trade a virtual currency derivative with/through the Member, and in the manner described in the Interpretive Notice. CPOs and CTAs must provide investors with robust disclosures for activities in spot market virtual currencies and virtual currency derivatives: for existing customers, updated disclosures addressing these requirements must be provided by November 21, 2018; for solicited prospective customers, disclosures addressing these requirements must be provided prior to accepting an investment.