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We believe this information is accurate, but no guarantee can be given that is completely correct. Information, registration status and complaint history can change at any time. We urge you to check the NFA's website for the most current information at www.nfa.futures.org. Below is some information that may help give you a better understanding of a broker's registration requirements and the meaning of disciplinary practices by the regulatory agencies.
What is NFA? Who are NFA's members? IF YOU HAVE ENTERED AN NFA ID THAT YOU ARE CERTAIN IS CORRECT AND "NO CURRENT STATUS" DISPLAYS, YOU MAY BE DEALING WITH AN INDIVIDUAL OR FIRM NOT REGISTERED WITH THE CFTC AND NOT AN NFA MEMBER. CONDUCTING FUTURES-RELATED BUSINESS WITH INDIVIDUALS OR FIRMS WHO ARE NOT CFTC REGISTRANTS AND NOT NFA MEMBERS COULD CAUSE YOU PROBLEMS.
Virtually all individuals and firms who conduct futures-related business with the public must be registered with the CFTC and be NFA Members. Under most circumstances, it is unlawful for firms or individuals, who are not CFTC registrants and are not NFA Members, to conduct futures business with public customers. If you think you are dealing with an individual or firm not registered with the CFTC and not an NFA Member, please inform NFA by going to File a Complaint or by calling NFA's Information Center at (800) 621-3570 between the hours of 8:00 AM and 5:00 PM Central Time.
Please Note: There are a variety of legitimate reasons why the status information of an individual or firm displays as "NO CURRENT STATUS." The most common reason is that the individual or firm is not currently registered with the CFTC and is not an NFA Member. Some individuals and firms have more than one NFA ID. To be certain of an individual's or firm's current CFTC registration and NFA membership status, you must check all the NFA IDs associated with the individual or firm.
Regulatory Action: Arbitration: CFTC Reparations Cases:
National Futures Association (NFA) is the industrywide self-regulatory organization for the U.S. futures industry. NFA's mission is to provide innovative regulatory programs and services that ensure futures industry integrity, protect market participants and help its Members meet their regulatory responsibilities. NFA's activities are overseen by the Commodity Futures Trading Commission (CFTC), the government agency responsible for regulating the U.S. futures industry.
Virtually every firm or individual who conducts futures or options on futures business with the public, must be registered with the CFTC and a Member of NFA. NFA performs the registration process on behalf of the CFTC. NFA Member categories include: Commodity Trading Advisors (CTA), Commodity Pool Operators (CPO), Futures Commission Merchants (FCM) and Introducing Brokers (IB). Definitions of each of these terms can be found in the Glossary. There are approximately 4,000 NFA Member firms. There also are about 55,000 NFA Associate Members, individuals who are Associated Persons of these NFA Member firms.
A disciplinary or remedial action taken by a regulatory body, such as the exchanges, NFA and the CFTC in enforcing its rules and the requirements of the Commodity Exchange Act.
Arbitration is a dispute resolution forum. It is not a regulatory action.
Reparations claims are not enforcement actions. They are attempts by customers to resolve futures-related disputes. The number of reparations claims filed does not necessarily mean that the individual or firm violated any rules. Some of the claims may have been dismissed, settled or withdrawn.
Last Reg.
Regulatory
NFA
Fines, Actions or
CFTC
Registered Unless
FIRM NAME
From…
Actions
Arbitrations
Arbitration Awards
Win / Loss
Rep Cases
Specified
1ST BROKERAGE LLC
1997
0
0
0
0
0
no current status
20/20 TRADING COMPANY
1999
0
0
0
0
0
A&A TRADING INC
1995
0
0
0
0
1
A&M FUTURES
2000
0
0
0
0
0
AA COMMODITIES INC
1984
0
0
0
0
0
AAKOP LLC
1996
0
0
0
0
0
ABACUS INVESTMENT ADVISORY SERVICES INC
1987
0
0
0
0
0
ABBOTT FINANCIAL SERVICES INC
1988
0
0
0
0
0
ABC COMMODITIES INC
1992
0
0
0
0
0
ABC TRADING
1998
0
0
0
0
0
ABCO FUTURES
1990
0
0
0
0
0
ABEL/NOSER CORP
1989
0
0
0
0
0
ABERNATHY TECHNOLOGY RESEARCH INST INC
1997
0
0
0
0
0
no current status
ABG INVESTMENT GROUP INC
1998
0
0
0
0
0
ABSOLUTE FUTURES
1999
0
0
0
0
0
AC TRADING CO
1990
0
0
0
0
0
ACCESS DISCOUNT TRADING
1998
0
0
0
0
0
ACCESS DISCOUNT TRADING INC
1999
0
0
0
0
0
ACCESS SECURITIES INC
1989
0
0
0
0
0
ACCESS-DIRECT DISCOUNT TRADING
1997
0
0
0
0
0
ACTIVE CYCLES INC
1991
0
0
0
0
0
ACUVEST INC
1999
0
0
0
0
0
ADBA SUPERIOR AG SERVICES
1995
0
0
0
0
0
ADDISON FINANCIAL SERVICES INC
1989
0
0
0
0
0
ADOLPH KOMORSKY INVESTMENTS INC
1996
0
0
0
0
0
ADVANCE TRADING INC
1984
0
0
0
0
1
ADVANCED COMMODITY TRADING INC
1996
0
0
0
0
0
ADVANCED MARKET CONCEPTS INC
2001
0
0
0
0
0
ADVANTAGE ASSET MANAGEMENT LLC
1985
0
0
0
0
1
ADVANTAGE FUTURES INC
1996
0
0
0
0
0
ADVANTAGE GLOBAL MARKETS
2000
0
0
0
0
0
no current status
ADVANTAGES IN OPTIONS
1996
0
0
0
0
0
AFFINITY TRADING LLC
1995
0
0
0
0
0
AFIN SECURITIES INTERNATIONAL LTD
1995
0
0
0
0
0
AG & INVESTMENT SERVICES INC
1987
0
0
0
0
1
AG COM INC
1984
0
0
0
0
0
AG COMM TRADING
1994
0
0
0
0
0
AG COMMODITIES
2000
0
0
0
0
0
AG FS INC
1999
0
0
0
0
0
AG MARKETING & MANAGEMENT
1988
0
0
0
0
0
AG MARKETING AND MANAGEMENT INC
2000
0
0
0
0
0
AG PRO COMMODITIES
1999
0
0
0
0
0
AG PRO COMMODITIES LTD
1988
0
0
0
0
0
no current status
AG VANTAGE CONSULTING LLC
2001
0
0
0
0
0
no current status
AGMARK BROKERAGE SERVICES INC
1998
0
0
0
0
0
AGMARK INC
1990
0
0
0
0
0
AGR COMMODITIES INC
1991
0
0
0
0
0
AGRI ADVISORY ASSOCIATES INC
1991
0
0
0
0
0
AGRI BEEF RISK MANAGEMENT
1999
0
0
0
0
0
AGRI COMMODITIES INC
1988
0
0
0
0
0
AGRI COMMODITY
1992
0
0
0
0
0
AGRI GRAIN MARKETING FUTURES LLC
2000
0
0
0
0
0
AGRI GRAPHICS
1997
0
0
0
0
0
AGRI MANAGEMENT SYSTEMS INC
1989
0
0
0
0
0
AGRI SOURCE INC
1997
0
0
0
0
0
AGRICULTURAL INTRODUCING BROKER SVCS LLC
1995
0
0
0
0
0
AGRICULTURAL MKTING & MGMT SVCS INC
1988
0
0
0
0
0
AGRIMAR FUTURES INC
1999
0
0
0
0
0
AGRI-MARK INC
1984
0
0
0
0
1
AGRI-MARKETING SERVICE
1991
0
0
0
0
0
AGRI-TRADING INC
1984
0
0
0
0
0
no current status
AGTARGET INC
1993
0
0
0
0
0
AGVANTAGE MARKETING INC
1999
0
0
0
0
0
AGWEST COMMODITIES LLC
2001
0
0
0
0
0
AH NEWMAN GRAIN INC
2001
0
0
0
0
0
AIC FUTURES INC
1990
0
0
0
0
0
AIG INTERNATIONAL GC INC
1994
0
0
0
0
0
AIM FUTURES & OPTIONS
2001
0
0
0
0
0
AISCO FUTURES INC
1996
0
0
0
0
0
AKJ COMMODITIES INC
1988
0
0
0
0
0
ALAMO COMMODITIES INC
1984
0
0
0
0
1
ALARIC CORPORATION
1996
0
0
0
0
0
no current status
ALASKA FUTURES
1994
0
0
0
0
0
ALBERT CHOPAK INC
1988
0
0
0
0
0
no current status
ALESSANDRA CAPITAL MGT LLC
1999
0
0
0
0
0
ALEXANDER TRADING & MANAGEMENT
1995
0
0
0
0
0
ALEXANDER WESCOTT & CO INC
1997
0
0
0
0
0
ALEXIS TRADING INC
1998
0
0
0
0
0
no current status
ALFA SERVICES INC
1984
0
0
0
0
0
ALFORD JAMES V
1984
0
0
0
0
0
ALGER FUTURES ASSOCIATES INC
1989
0
0
0
0
0
ALGONQUIN FINANCIAL SERVICES LLC
1998
0
0
0
0
0
ALIDA-PEARL COOPERATIVE ASSOCIATION
1990
0
0
0
0
0
ALKIRE ADVISORY GROUP INC
1988
0
0
0
0
0
ALLEGRO TRADING COMPANY INC
1996
0
0
0
0
0
no current status
ALLEN & PIERCE SECURITIES INC
1989
0
0
0
0
0
no current status
ALLEN/BURTON COMMODITIES
1989
0
0
0
0
0
ALLENBERG TRADING LLC
1999
0
0
0
0
0
ALLENDALE INC
1983
0
1
0
1W 0L
0
ALLIANCE FINANCIAL LLC
1997
0
0
0
0
0
ALLIANCE MARKETING AND TRADING CO LLC
1997
0
0
0
0
0
ALPHA COMMODITIES INC
1999
0
0
0
0
0
ALPHA FINANCIAL LLC
2000
0
0
0
0
0
no current status
ALPHA ONE TRADING
1997
0
0
0
0
0
ALPHA SECURITIES CORP
1996
0
0
0
0
0
ALTA TRADING SERVICES LLC
2000
0
0
0
0
0
ALTAVEST WORLDWIDE TRADING INC
1997
0
0
0
0
0
ALTMAN INVESTMENT CORPORATION
1995
0
0
0
0
0
no current status
ALVA FUTURES
1990
0
0
0
0
0
AMALGAMEX INC
2000
0
0
0
0
0
AMARILLO BROKERAGE COMPANY
1986
0
0
0
0
0
AMBROSE AND COMPANY
1990
0
0
0
0
0
AMEREX FUTURES INC
1995
0
0
0
0
0
AMERI GROUP FINANCIAL SVS LLC
1999
0
0
0
0
0
AMERICAN EXPRESS FINANCIAL ADVISORS INC
1986
0
0
0
0
0
AMERICAN FUTURES & OPTIONS INC
1997
0
0
0
0
0
AMERICAN FUTURES TRADING
2001
0
0
0
0
0
AMERICAN GRAIN CO
1992
0
0
0
0
0
AMERICAN HERITAGE COMMODITY CORPORATION
1998
0
0
0
0
1
AMERICAN LIBERTY TRADING INC
2001
0
0
0
0
0
no current status
AMERICAN PACIFIC COMMODITIES INC
2000
0
0
0
0
0
AMERICAN RESEARCH & TRADING INC
1996
0
0
0
0
0
AMERICAN-PACIFIC FUTURES INC
1995
0
0
0
0
0
AMERICAS GLOBAL TRADERS INC
1997
0
0
0
0
1
AMERIQUEST FINANCIAL GROUP INC
1999
0
0
0
0
0
no current status
AMGINE INC
2001
0
0
0
0
0
ANDCO INVESTMENT SERVICES
1996
0
0
0
0
0
ANDERSON CAPITAL MANAGEMENT LLC
1999
0
0
0
0
0
ANDERSON COMMODITIES
1993
0
0
0
0
0
ANDERSON COMMODITIES & CONSULTING
2000
0
0
0
0
0
ANDERSONS INVESTMENT SERVICES CORP THE
1988
0
0
0
0
0
ANDERSON-WILLIAMS INVESTMENTS INC
1984
0
0
0
0
0
ANGLIN STEWART TRADING LTD
2000
0
0
0
0
0
ANGUS JACKSON INC OF FLORIDA
1991
0
0
0
0
0
ANSBACHER INVESTMENT MANAGEMENT INC
1995
0
0
0
0
0
ANSPACHER COMMODITIES
1986
0
0
0
0
0
ANSPACHER FUTURES OF KANSAS INC
1986
0
0
0
0
0
ANSPACHER OF YUMA INC
1990
0
0
0
0
0
ANTHONY JOHN COLUMBO INC
1995
0
0
0
0
1
APEX FUTURES INC
1998
0
0
0
0
0
APEX TRADING CO
2001
0
0
0
0
0
APEX TRADING LLC
2000
0
0
0
0
0
no current status
APPL INTERNATIONAL INC
1988
0
0
0
0
0
ARCFUTURES INC
2000
0
0
0
0
0
ARCHER & MARX FUTURES CO
1989
0
0
0
0
0
no current status
ARCHER COMMODITIES
1983
0
0
0
0
0
ARGO FUTURES GROUP INC
1997
0
0
0
0
0
ARIZONA COMMODITIES & OPTIONS LLC
1984
0
0
0
0
0
ARROW FUTURES & OPTIONS INC
1997
0
0
0
0
0
ASCANI BROKERAGE SERVICES INC
1991
0
0
0
0
0
ASCONA MANAGEMENT LLC
1996
0
0
0
0
0
ASHLAND GLOBAL SECURITIES LLC
1998
0