Registration Actions by National Futures Association With Respect to Floor Brokers, Floor Traders and Applicants for Registration in Either Category

Résumé

The Commodity Futures Trading Commission (Commission) is authorizing National Futures Association (NFA) to grant the registration of any applicant for registration as a floor broker (FB) or floor trader (FT) or to maintain the registration of any registered FB or FT who may be subject to statutory disqualification from registration without forwarding such cases to the Commission for review. The Commission previously had directed NFA to stay the granting of registration and provide the Commission with the opportunity to object to such granting of registration where an applicant for FB or FT registration has a disciplinary history including a potential statutory disqualification from registration, but NFA determined that registration should be granted, either with or without conditions. The Commission also had directed NFA to provide the Commission with the opportunity to object to maintaining the registration of a registered FB or FT with certain new disciplinary history. This Order conforms NFA's authority regarding the FB and FT registration categories to the authority delegated by the Commission to NFA concerning the other categories of registration under the Commodity Exchange A