NFANotice to Members – Supervision of Forex Promotional Materials (Notice I-08-15; March 27, 2008) - there are three main parts to this notice.
Supervisory employee responsible for reviewing FDM promotional materials must be under the ultimate supervision of a principal of the FDM who is also an AP (means that an individual principal of a FDM will ultimately be held liable for fraudulent or midleading promotional materials)
FDM must have policies on reviewing the activities of non-Members with which they do business, including:
- Regular review of trading
- Procedures for customer complaints
- Review of promotional materials
- Review of activites of non-Members must also be done by an AP under the ultimate supervision of an FDM principal/AP
Study Guide >>Forex Regulations >> NFA Notice to Members: Supervision of Forex Promotional Materials