Overview
What is National Futures Association?
The National Futures Association (NFA) is a self-regulatory membership organization based in Chicago, Illinois. Established to monitor and maintain the integrity of the derivatives trading industry, NFA is a congressionally authorized body for the U.S. derivatives industry, including exchange-traded futures, retail off-exchange foreign currency, and OTC derivatives (swaps). With a workforce of approximately 641 employees, NFA develops and enforces rules, offers programs, and provides services that safeguard market integrity, protect investors, and help members meet their regulatory responsibilities. In fiscal year 2023, NFA processed 293 firm registrations and over 4,000 individual registrations while handling approximately 1,100 registration investigation cases. Their Information Center received 17,400 calls and responded to 4,100 emails. NFA's Business Conduct Committee issued 13 complaints against 26 respondents, and Disciplinary Panels issued 14 decisions, imposing membership bars, suspensions, and fines totaling over $3 million.
Official website here: www.nfa.futures.org
Is National Futures Association legitimate?
National Futures Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Futures Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $8,582,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,418,488
For more financial information, click here
Official website here: www.nfa.futures.org
What is the mission statement of National Futures Association?
The National Futures Association (NFA) is a self-regulatory organization established to oversee and maintain the integrity of the derivatives trading industry in the United States. As a congressionally authorized body, NFA plays a crucial role in regulating the derivatives sector, which includes exchange-traded futures, retail off-exchange foreign currency (Forex), and over-the-counter derivatives (swaps). NFA develops and enforces rules, offers programs, and provides services to ensure market integrity, protect investors, and help members meet their regulatory responsibilities. Its mission is to safeguard the derivatives industry and foster a trustworthy and compliant market environment.
Official website here: www.nfa.futures.org
Who is the CEO of National Futures Association?
David Hawrysz is the President And Ceo of National Futures Association. The CEO's salary of National Futures Association is $1,025,723 and their total compensation is $1,095,785.
Official website here: www.nfa.futures.org
What is the revenue of National Futures Association?
National Futures Association's revenue in 2023 was $139,826,383.
Official website here: www.nfa.futures.org
Who are the executives of National Futures Association and what are their salaries?
The average compensation at National Futures Association during 2023 was $117,007. There are 641 employees at National Futures Association.
Here are 48 key members and their salaries (National Futures Association's CEO's salary is $1,025,723 and their total compensation is $1,095,785):
- Thomas Sexton (President And Ceo)
- Regina Thoele (Senior Vice President)
- Carol Wooding (Sr.Vp, Gc, And Secretary)
- Michael Otten (Senior Vice President, Otc)
- Timothy Mchenry (Senior Vice President)
- Edward Dasso (Senior Vice President)
- David Hawrysz (Sr. Vp, Cfo, And Treasurer)
- Karen Wuertz (Senior Vice President)
- Lauren Brinati (Vp Admin Strategy Risk)
- Dale Spoljaric (Vice President, Otc)
- Allesandra Riccardi (Managing Director, Otc)
- Nancy C Bohanon (Vice President, Hr)
- Cynthia Ioannacci (Associate General Counsel)
- Joseph Hawrysz (Managing Director, Compliance)
- Cliff Allen (Managing Director, Otc)
- Yvette Christman (Vice President)
- Anne Joves (Associate General Counsel)
- Daniel Driscoll (Special Advisor)
- Michael Moskow (Board Member) [Trustee/Director]
- Mary Mcdonnell (Board Member) [Trustee/Director]
- Todd Petzel (Board Member) [Trustee/Director]
- Michael Dawley (Board Member) [Trustee/Director]
- Arthur Hahn (Board Member) [Trustee/Director]
- Douglas Harris (Board Member) [Trustee/Director]
- Ronald Oppenheimer (Board Member) [Trustee/Director]
- Ronald Filler (Board Member) [Trustee/Director]
- Michael Schaefer (Board Member) [Trustee/Director]
- Michael Burke (Board Member) [Trustee/Director]
- Seth Bender (Board Member) [Trustee/Director]
- Douglas Bry (Board Member) [Trustee/Director]
- Maureen Downs (Chairperson) [Trustee/Director]
- Ernest Jaffarian (Board Member) [Trustee/Director]
- Thomas Kadlec (Board Member) [Trustee/Director]
- Don Thompson (Vice Chair) [Trustee/Director]
- Ana Beskin (Board Member) [Trustee/Director]
- Constance Wick (Board Member) [Trustee/Director]
- Mark Bagan (Board Member) [Trustee/Director]
- Gerald Corcoran (Board Member) [Trustee/Director]
- David Goone (Board Member (Thru 11/2022)) [Trustee/Director]
- Martin Lueck (Board Member) [Trustee/Director]
- Mark Maurer (Board Member) [Trustee/Director]
- Scott Stewart (Board Member) [Trustee/Director]
- Maria Chiodi (Board Member (Thru 2/2023)) [Trustee/Director]
- Scott Anderson (Board Member) [Trustee/Director]
- Trabue Bland (Board Member (As Of 2/2023)) [Trustee/Director]
- Julie Holzrichter (Board Member) [Trustee/Director]
- William Mccoy (Board Member) [Trustee/Director]
- Charlotte Mclaughlin (Board Member) [Trustee/Director]
Official website here: www.nfa.futures.org
Where can I find the form 990 for National Futures Association?
The National Futures Association’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.nfa.futures.org
Learn more at the official website: www.nfa.futures.org
Mission Statement of National Futures Association
National Futures Association (NFA), a congressionally authorized self-regulatory organization, plays a crucial role in maintaining the integrity of the derivatives trading industry in the United States. With a mission to monitor and regulate the derivatives industry, NFA enforces rules and offers programs and services to ensure market integrity, protect investors, and help members meet their regulatory responsibilities.
NFA's jurisdiction extends to exchange-traded futures, retail off-exchange foreign currency (Forex) transactions, and over-the-counter (OTC) derivatives, specifically swaps. By developing and enforcing rules, NFA safeguards the industry from potential misconduct, ensuring fair and transparent trading practices. Additionally, NFA provides valuable resources to its members, enabling them to comply with regulatory requirements and maintain a strong commitment to ethical business conduct.
As the self-regulatory organization for the U.S. derivatives industry, NFA has a significant impact on market participants, investors, and the overall financial sector. Through its dedicated efforts to uphold market integrity and investor protection, NFA fosters trust and confidence in the derivatives market and contributes to a stable and efficient financial system.
Impact
This information is meant to be a general summary of National Futures Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
National Futures Association's impact is significant in the derivatives trading industry as it plays a crucial role in monitoring and maintaining the integrity of the market. The organization screens firms and individuals seeking to register with the CFTC and become NFA members, ensuring compliance with regulations and ethical standards. NFA's enforcement actions, including issuing complaints and disciplinary decisions, are essential for upholding the self-regulatory process and promoting fair and transparent trading practices. Additionally, the organization's Information Center provides valuable support to members and the investing public, handling numerous calls and emails to address inquiries and educate stakeholders. NFA's efforts contribute to safeguarding market integrity, protecting investors, and helping members fulfill their regulatory obligations in the derivatives industry.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESS. FEES & MARKET SERV. REV.
Revenue
$78,246,958
MEMBERSHIP DUES
Revenue
$53,322,460
REGULATORY FINES
Revenue
$3,089,975
REGISTRATION & TESTING FEES
Revenue
$976,785
OTHER FEES
Revenue
$695,610
Organization Details
Founding Year
1976
Phone
(312) 781-1300
Principal Officer
David Hawrysz
Main Address
320 SOUTH CANAL 2400, CHICAGO, IL, 60606
Website
www.nfa.futures.org
NTEE Category
Code: S40 - Community improvement
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