The Series 34 Exam Study Guide is brought to you for free by Mallon P.C. The Series 34 exam is a new National Futures Association (NFA) exam that will be required for off-exchange retail foreign exchange (Forex) dealers, counterparties, and intermediaries who will soon be required to register with NFA. To determine if you need to take the exam or for more information on the Forex registration process, please visit www.forexregistration.com. If you have any questions or are interested in supplemental preparation material, please contact us at 415-320-6255.
Below, you will find the study guide material divided into five sections. These sections represent the five categories you will be tested on. Below each category, click on any link to view its definition.
Basically, any entity (FCM, RFED, CTA,..) that is based and operates in the US will be required to register with the CFTC and NFA. Therefore, the CFTC’s jurisdictions are within any US-regulated firm, no matter where it operates. I’m not sure if an overseas (across the US) firm that services US citizens must be regulated by the CFTC and NFA; maybe not.
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Basically, any entity (FCM, RFED, CTA,..) that is based and operates in the US will be required to register with the CFTC and NFA. Therefore, the CFTC’s jurisdictions are within any US-regulated firm, no matter where it operates. I’m not sure if an overseas (across the US) firm that services US citizens must be regulated by the CFTC and NFA; maybe not.