reported that the National Futures Association (“NFA”) has issued the new rules, “to prevent members from using illegitimate means to gain a competitive advantage if doing so would harm customers.” noted, click here to view article, that new Compliance Rule 2-4 is directed at activity such as:

  • Misusing customer information, for example by misappropriating social security numbers or deliberately violating the firm’s privacy statement.
  • Disclosing customer orders before execution.
  • Obtaining or trying to obtain information disclosing a commodity trading adviser’s historical trading positions without the CTA’s permission.

 According to the article, Rule 2-4 became effective last month; however, the Securities and Exchange Commission has yet to rule on it.