Rule Submissions to the CFTC

June 9, 1998

Ms. Jean A. Webb
Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, D.C. 20581

Re: National Futures Association: Proposed Amendments to NFA Code of Arbitration Sections 6, 8, 10 and 19 and NFA Member Arbitration Rules Sections 2, 3, 5, 7, 10 and 17.*

Dear Ms. Webb:

Pursuant to Section 17(j) of the Commodity Exchange Act, as amended, National Futures Association ("NFA") hereby submits to the Commodity Futures Trading Commission ("CFTC" or "Commission") proposed amendments to NFA Code of Arbitration Sections 6, 8, 10 and 19 and NFA Member Arbitration Rules Sections 2, 3, 5, 7, 10 and 17. The amendments contained herein were approved by NFA's Board of Directors ("Board") on May 21, 1998. NFA respectfully requests Commission review and approval of the proposals.

Proposed Amendments to NFA Code of Arbitration Sections 6, 8, 10 and 19

Proposed Amendments to NFA Member Arbitration Rules Sections 2, 3, 5, 7, 10 and 17

Explanation of Proposals

NFA respectfully requests that the Commission review and approve the proposed amendments referred to herein and requests that they be declared effective upon Commission approval.

Respectfully submitted,

Daniel J. Roth
General Counsel

cc: Chairperson Brooksley Born
Commissioner Barbara Pedersen Holum
Commissioner John E. Tull, Jr.
Commissioner David D. Spears
Geoffrey Aronow, Esq.
I. Michael Greenberger, Esq.
Alan L. Seifert, Esq.
Lawrence B. Patent, Esq.
David Van Wagner, Esq.