Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

Cryptocurrency

Sep 13, 2018

NFA Adopts Disclosure Requirements for Members Engaging in Virtual Currency Activities

Subscribe

Jump to...

 

The National Futures Association (NFA) has adopted an interpretive notice that requires futures commission merchants, introducing brokers, commodity pool operators and commodity trading advisors to disclose to customers certain potential risks involved when dealing with virtual currencies and virtual currency derivatives. The notice, titled “Disclosure Requirements for NFA Members Engaging in Virtual Currency Activities,” reflects the NFA’s concern that customers may not fully understand the nature of these products, the potentially significant losses that could be sustained or the limitations of the NFAs oversight of virtual currency activities.

Read the full memo, “NFA Adopts Disclosure Requirements for Members Engaging in Virtual Currency Activities.”

Authors and Contributors

Donna Parisi

Partner

Derivatives & Structured Products

+1 212 848 7367

+1 212 848 7367

New York

Geoffrey Goldman

Partner

Derivatives & Structured Products

+1 212 848 4867

+1 212 848 4867

New York

Azam Aziz

Partner

Derivatives & Structured Products

+1 212 848 8154

+1 212 848 8154

New York

Jennifer Oosterbaan

Associate

Derivatives & Structured Products

+1 212 848 7111

+1 212 848 7111

New York