The purpose of this advisory is to notify investors of scammers' latest fraud techniques and how to avoid them. NFA encourages all investors to conduct due diligence before making investment decisions and educate themselves on how to spot potential scams
Before participating in the derivatives markets, investors should learn as much as they can about the firms and individuals with which they're considering doing business. This handout discusses briefly NFA's BASIC system—a powerful resource for conducting due diligence.
On Thursday, August 29, 2019 NFA launched its redesigned BASIC system, a free tool that NFA Members and investors can use to research the background of derivatives firms and industry professionals. To walk users through the new system, NFA conducted a brief webinar on Thursday, August 29, 2019 at 9:30 a.m. CT. View the archived webinar.
As part of the Federal Reserve Bank of Chicago's Money Smart Week, NFA hosted a free webinar on Thursday, April 4, 2019 to educate investors about how to avoid financial scams and the importance of conducting thorough due diligence. The webinar included presentations by the U.S. Commodity Futures Trading Commission (CFTC), Office of Customer Education and Outreach, U.S. Securities and Exchange Commission (SEC), Office of Investor Education and Advocacy, and the FINRA Investor Education Foundation. View the webinar.
The purpose of this investor advisory is to remind investors that, just like any other speculative investment, trading futures on virtual currencies, including Bitcoin, have certain benefits and various risk.