The initial purpose of National Futures Association (NFA) is to establish the ethics of futures and other markets and protect the interests of traders and consultants. Every individual and company that provides trading services to customers in the US futures and foreign exchange markets must be registered with the US Commodity Futures Trading Commission (CFTC) and become a member of the NFA. At present, NFA has about 4,300 members and 50,000 associate members (representatives of NFA member companies). The main function of NFA is to make NFA members strictly abide by the federal laws and the rules formulated by CFTC and implement strict management. The NFA also has its own rules to supervise brokers' code of conduct for traders and investment advisers, so that traders and investment advisers are not deceived.
The full name of NFA in the United States is the National Futures Association, which supervises CTA, CPO, IB, FCM, FDM, SD and other enterprises. Registered NFA will obtain a financial license.
What materials are needed to apply for NFA license, and how long will it take?
Materials required for applying for NFA license in the United States:
1. director's passport
2. Scanned copies of overseas companies
3, the company's development plan for the next three years
4. Resume of directors
5. Personal bills
6. No proof of criminal record
7. Proof of address of legal person or director
8. Future financial planning
How long does it take to apply for an NFA driver's license?
It usually takes 2-3 days to provide complete materials. If the materials are missing, they need to be collected and submitted again, which may take a week. If the relevant materials cannot be provided, there will also be a special packaging company to adjust the materials, but the registrant should be provided to protect Zhao.