Tag Archives: rule 2-29 nfa

Discussion of NFA Compliance Rule 2-29 (Forex Advertising)

NFA Compliance Rule 2-29 is important right now for those commodity pool operators and commodity trading advisors who also trade in the spot forex market.  If the CFTC approves a rule adjustment by the NFA (see NFA Announces New Forex Rules), such CPOs and CTAs (who are NFA members) will need to make sure that all of their activity with regard to their forex trading activities conforms to the requirements of NFA Compliance Rule 2-29.

NFA Compliance Rule 2-29 is also important because the CFTC is expected to propose rules requiring managers who trade in the Forex markets, and who are not regisitered as CPOs or CTAs, to register with the CFTC.  In the event such registration rules go forward, it is likely that such Forex managers will need to follow Compliance Rule 2-29.  This article details the important aspects of this rule.  Continue reading