National Futures Association ("NFA") maintains a database of futures-related
information, including Commodity Futures Trading Commission ("CFTC")
registration information, NFA membership information, regulatory actions and
information concerning certain types of customer claims.
The CFTC registration and NFA membership information provided in BASIC includes
the current and historical CFTC registration and NFA membership statuses of
individuals and firms.
The regulatory information available in BASIC includes actions taken by NFA's
Committees, by the CFTC and by U.S. futures exchanges, and may also include actions taken by foreign regulatory
bodies against firms that are exempt from CFTC registration pursuant to CFTC
Regulations 30.5 and 30.10. These actions by foreign regulators have been selected
by the CFTC staff, which provides all information pertaining to these actions.
The information concerning customer claims contained in BASIC consists of the
number of cases that customers have filed using the CFTC's reparations program
and the docket numbers of those cases. BASIC also includes some information
about NFA arbitration cases involving disputes between public customers and NFA
Members if an award has been rendered.
The following information is not available in BASIC:
Registration and Membership Information
BASIC does not include all of the background information disclosed on
registration forms filed with NFA or the CFTC. Additionally, the information
provided by the system does not include civil actions between parties (other
than information concerning reparations proceedings brought before the CFTC and
NFA arbitration awards described above), criminal proceedings, and actions
taken by other federal and state regulatory agencies and self-regulatory
However, some of this information may be available by calling NFA’s Information
Center at (800) 621-3570 between the hours of 8:00 AM and 5:00 PM Central Time.
For certain information, you may be required to file a Freedom of Information
Act ("FOIA") request with the Assistant Secretary for FOIA Matters, CFTC, Three
Lafayette Centre, 1155 21st Street NW, Washington, DC 20581. You may also fax
your written FOIA request to the CFTC at (202) 418-5543 or submit your request
using an electronic FOIA form located at the CFTC's web site,
www.cftc.gov. In addition, you can file a written FOIA request with
Document Research Group, NFA, 300 S. Riverside Plaza, Suite 1800, Chicago, IL
60606, fax your request to NFA at (312) 781-1459 or file an electronic request
located on NFA’s web site,
Regulatory actions taken by the futures exchanges prior to January 1, 1990 may
not be included in the system. Not all foreign regulatory actions against firms
that are exempt from CFTC registration pursuant to CFTC Regulations 30.5 and 30.10
are included in the system.
The arbitration information provided in BASIC does not include cases which were
closed before January 1, 1990, cases which are still pending or cases which
were settled, withdrawn or rejected. Even when information about an award is in
BASIC, the names of some parties may not be disclosed because customers can
choose to keep their identities confidential. Also, if an arbitration case
included in BASIC involved others who settled their claims, the information
about them and the settlement is not included.
There may occasionally be delays in entering information into the system and
therefore the system does not include actions that NFA, the CFTC and the
futures exchanges (collectively, "contributors") have taken but they have not
yet entered into the system. NFA and its contributors do not warrant or
guarantee the accuracy or the completeness of the information they provide.
Neither NFA nor the contributors shall be liable for any errors, inaccuracies,
omissions or other defects in the information. Neither NFA nor its contributors
shall be liable for any errors or inaccuracies in the identification of such
firm(s) or individual(s) resulting from the information that you provided to