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NFA Admits Sins And Orders Self-Audit

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Berkeley Research Group to review NFA's practices and senior staff.

NFA logoIn an almost unprecedented move for a financial regulator, the NFA -- the U.S.'s CFTC-empowered self regulatory agency for Forex and Futures firms -- has basically admitted that it is not doing nearly as good a job as it should, and as such has ordered an outside audit of its practices, led by the Berkeley Research Group, LLC. At stake are the future of NFA CEO Dan Roth and other senior staffers, in addition to the status of general staff bonuses for this year.

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