Teacher and consultant to the futures industry since 1983
Teacher and consultant to the
futures industry since 1983
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Items you need to improve and protect your FCM or IB... 1. Very important and useful forms and letters for different applications for the FCM and the Introducing Broker. Visit our "forms" page.
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FOREX AUDITSWith the rapid, ever changing rules regarding the regulation of Forex firms, it is important that you contact us about completing an audit of your FX operation. Although at this writing, there is not full regulatory oversight by the NFA, they do have the authority and are beginning to institute new requirements every week. The internal forex audit is conducted in the same manner as our futures firm audits. However, at this time there is no full "futures" regulation for the forex business, so although it is an audit and you will receive and audit report, our goal in your office is to educate you on the requirements that a registered futures Introducing Brokers has to follow. That way we get you prepared to meet the regulatory requirements that will be coming into place. This preparation on your part will ensure that when the regulation does come to this industry, your change-over will be seamless and you will not be out of business because of a major change in your organization. This NFA style audit has been conducted by Investment Reference in thousands of firms over the past many years. Several of the nations largest Futures Commission Merchants have us conduct these audits to insure that their Introducing Brokers, as well as their Branch Offices are prepared in the event they are audited by the NFA. The FCMs also have the audits conducted by us as a money saving decision. In most cases we can audit offices more inexpensively, and since we are an "outside" source, more objectively than their "in-house" staff. Introducing Brokers, Branch Offices, Forex firms, and even CTAs and CPOs should consider an audit. We get "brutally" honest and will inform you of any and all existing or possible infractions of NFA or CFTC rules and regulations. This allows you to be prepared to stand up to the most rigorous regulatory audit. We are ready to discuss in detail all the steps we take in our audit, and explain why we know our audits can stand up to the most rigid compliance department in the world. After your audit is complete, a full report with recommendations will be in your hands within a week. The report will be delivered to the person who ordered the audit, and only that person. As with all our consulting business, strict confidentiality is always the case. Get in touch with us by
email.
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