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Compliance Rules

Part 2 - Rules Governing the Business Conduct of Members Registered with the Commission


[Effective date of amendments: July 20, 2005; June 5, 2007 and July 1, 2019.]

No person who has been expelled or suspended or is subject to a similar sanction by NFA in a proceeding brought pursuant to Part 3 of NFA's Compliance Rules that temporarily or permanently prohibits the person from NFA membership or affiliation in any capacity with an NFA Member shall hold himself out as a Member in good standing of NFA, or as affiliated with a Member, as the case may be, during the period the sanction is in effect. No FCM, IB, CPO or CTA Member, FDM or Associate shall permit such a person to maintain any affiliation with it or perform any activities for, on behalf of or in connection with its commodity interest business regardless of whether such affiliation or activities require registration or NFA Membership during the period the sanction is in effect unless authorized by the Business Conduct Committee, Hearing Committee or the Appeals Committee.