National Futures Association (NFA)

The National Futures Association (NFA) is a self-regulatory organization in the United States that oversees the futures, forex, and derivatives markets. Its primary role is to ensure the integrity, transparency, and fair practice of the industry by setting rules, examining firms and individuals, and enforcing compliance. NFA members include brokers, commodity trading advisors, and funds. It aims to protect market participants from fraud, manipulation, and abuse, fostering trust and stability in the derivatives markets through regulation and member oversight.