Promoting due diligence: NFA offers more tools for investors to conduct background checks

As more individual investors consider adding futures and off-exchange foreign currency (forex) trading to their investment portfolios, it's essential that they find out as much as they can about a firm before opening a trading account. That’s why National Futures Association (NFA) has been working diligently during the past year to upgrade our investor research capabilities in an effort to provide greater transparency for futures investors and assist them in conducting due diligence.

As part of these efforts, in November, we improved our Background Affiliation Status Information Center (BASIC) so that it now includes more-detailed financial information about Futures Commission Merchants (FCM).

BASIC is a free service investors can use to research the registration and disciplinary backgrounds of current and former Commodity Futures Trading Commission (CFTC) registrants. The service provides registration histories and information concerning disciplinary actions taken by NFA, the CFTC and all U.S. futures exchanges.

Now, investors can also view FCM financial data on BASIC via an easy-to-read display. There are three separate reports for each FCM, which are updated on a monthly or semi-monthly basis.

So before you decide to invest in futures or forex, be sure to conduct a background check on our BASIC system.

To learn more about BASIC, read our newly revised BASIC brochure.

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These tools will indeed be helpful when doing research for opening a trading account.

The National Futures Association offers many tools for investors and promoting due diligence policy. Investors can easily understand about financial data and business condition through this service. Nowadays, many firms are providing <a href="">Best Due Diligence Services</a> by the experts and professional consultants. Really this information is more useful for all and thanks for sharing this information so please keep updated more information about it.

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