April 6, 2016
This April, National Futures Association (NFA) is celebrating its 10th year of participation in the Federal Reserve Bank of Chicago's Money Smart Week, which runs from Saturday, April 23, 2016 through Saturday, April 30, 2016. This national initiative, which began in 2006, is dedicated to promoting financial literacy and education through events and workshops.
On Monday, April 25, NFA will join regulatory and enforcement agencies to participate in the Money Smart Week kick off during the Financial Regulators Fair in Chicago. At this event, participating organizations, including NFA, will distribute a wealth of information on financial protection, investing, banking and credit.
In addition, on Thursday, April 28, NFA will partner with AARP Illinois to host the workshop, "Avoiding Fraud is Your Best Money Strategy". NFA and AARP will provide information on how to avoid identity theft and investment fraud, and how to recognize the warning signs of fraud. Registration for this event is required. The registration deadline is Tuesday, April 26, 2016. Lunch will be served.
Monday, April 25, 2016
10:00 a.m. to 2:00 p.m.
Thursday, April 28, 2016
11:30 a.m. to 1:00 p.m.
State of Illinois Building, Thompson Center
100 W. Randolph St.
Chicago, IL 60601
222 N. LaSalle St., Suite 710
Chicago, IL 60601
The Commodity Futures Trading Commission (CFTC) recently launched The Whistle Blower Program, a new website that allows users to submit potential violations of the Commodity Exchange Act as well as apply for monetary awards.
The website offers online information regarding confidentiality and anti-retaliation protections for whistleblowers who share information with or assist the CFTC in the investigation process.
To read more about The Whistle Blower Program or whistleblower protection rights, visit The Whistleblower Program website.
The Federal Trade Commission (FTC) is a government organization dedicated to protecting US consumers from fraudulent, deceptive and unfair business practices. To further safeguard consumers, the FTC recently enhanced its online identity theft resources. These resources include:
- IdentityTheft.gov, a newly redesigned website that provides consumers with free resources to provide a new level of personalization and assistance for victims of identity theft;
- A PowerPoint presentation to show how IdentityTheft.gov makes it easier to report and recover from incidents of identity theft; and
- A video tutorial to provide consumers with a step-by-step overview of the online recovery process.
Knowing the background status of industry professionals is extremely important when it comes to investing and protecting yourself and your money from fraudulent activity. Below are some resources to help you do just that.
"Before You Invest, Investor.gov," is a campaign recently developed by the Securities and Exchange Commission (SEC) to educate investors and protect them from various types of fraud. The SEC's Office of Investor Education and Advocacy (OIEA) developed the initiative to remind investors of the importance of working with registered professionals. Investor.gov provides potential investors with the resources needed to safeguard their money, conduct background checks, and review the registration status of industry professionals. In addition to these online resources, the SEC also shares investment tips and common scams to look out for in 2016.
Furthermore, NFA's Background Affiliation Status Information Center (BASIC) is a derivatives industry-wide resource that contains CFTC registration and NFA membership information, as well as regulatory and non-regulatory actions contributed by NFA, the CFTC and US exchanges. Adding BASIC to your list of tools will prove valuable in helping you understand the history of investing professionals in the derivatives industry.
In the first quarter of 2016, NFA issued Decisions and Complaints against the following NFA Member firms and individuals. Click on the name for more detailed information.