NFA Letter to CFTC Broadens Marketing Restrictions Applicable to Forex Dealer Members

The use by or on behalf of a Forex Dealer Member (FDM) of the National Futures Association (NFA) of hypothetical performance results in the context of promotional materials has long been a controversial subject.  A new NFA letter to the CFTC tweaks the rule book in this area, applying to off-exchange hypotheticals the same restrictions that have applied for more than a decade to on-exchange hypotheticals.  We detail the substance of the amendments, and changes they may require in the presentation of performance information and other policies and procedures of FDMs.

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