Meeting the Regulatory Needs of an Evolving Industry

Introduction
NFA's Role in the U.S. Futures Industry
How NFA Fights Fraud and Abuse
Resources for Investors
Dispute Resolution
Making Self-Regulation Work
Meeting the Regulatory Needs of an Evolving Industry

Meeting the Regulatory Needs of an Evolving Industry

In 1982, NFA began its mission to strengthen the integrity of the U.S. futures industry and protect investors. More than two decades later, the futures industry is a thriving, integral part of the country's economy. Trading volume on the nation's futures exchanges continues to set new records. At the same time, the number of customer complaints have decreased dramatically, a direct result of the collaborative work done by NFA, the CFTC and the futures exchanges to ensure the integrity of the markets.

As the financial markets have evolved, NFA has taken a leading role in addressing new regulatory issues and has earned a worldwide reputation as a model for self-regulation. Every year NFA hosts visitors from many countries wanting to learn more about NFA's self-regulatory structure and methodology. NFA has also provided formal training programs to regulators, government officials and exchange representatives from several countries.

In today's rapidly changing marketplace, the need for regulation that is both effective and efficient has never been greater. NFA pledges to always strive to be a unique and exemplary self-regulatory organization.

• One that safeguards the integrity of the marketplace.
• One that is not affiliated with any marketplace, assuring its independent status.
• One that provides valuable programs, services and information to its Members.
• One that actively solicits Member participation in the self-regulatory process.
• One that operates with a low-cost, results-focused mentality.

We are confident that we have the experience and expertise to meet whatever regulatory challenges may arise. We are first, foremost and only a regulatory body devoted to investor protection and market integrity.