Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich June 21, 2011

The NFA issued a notice today reminding member Commodity Pool Operators, or CPOs, that they are still responsible for paying NFA assessment fees. In the course of routine examinations, NFA staff found that exchange-member CPOs were failing to properly remit these fees. Though initially only for non-exchange members, in August 2004, the NFA board adopted an amendment extending that fee to NFA member CPOs.

The NFA adopted this amendment in recognition of the “significant amount of resources” expended to regulate exchange-member CPOs as the NFA decided it was unfair to place the entirety of the financial burden on non-exchange member CPOs.

Read more about this NFA member notice.