NFA Membership FAQs
Yes. NFA publishes several directories of CFTC Registrants and NFA Members that are available on NFA's website.
Firms must file an electronic application for NFA membership in ORS. This can be done at the same time that the firm applies for registration, or it can be done separately. AP applicants automatically apply to be Associates as part of the AP registration application process.
No. Applicants for NFA membership or associate status must meet fitness standards similar to those that apply to applicants for registration. Usually though, if the applicant is granted registration, the membership or associate status is also approved.
Applicants that are denied membership have the right to appeal the denial and, in some cases, to have a hearing before the Membership Committee in order to demonstrate that they meet requirements for membership.