National Futures Association (NFA). The National Futures Association (NFA) is a self-regulatory organization in the futures industry established on 1976 according to the provisions of Section 17 of the American Commodity Exchange Act, and it is a non-profit membership organization. Article 17 of the Commodity Trading Law originates from Chapter III of the Commodity Futures Trading Commission (CFTC) Law 1974, which stipulates the registration of futures associations and CFTC's supervision of futures professional self-regulatory associations. On September 22nd, 198 1, CFTC accepted NFA as a "registered futures association", and on June 22nd, 1982, 10, NFA officially started to operate.
Commodity Futures Trading Commission (CFTC) 1974, the United States Congress established the Commodity Futures Trading Commission (CFTC). As an independent institution, CFTC shoulders the mission of supervising American commodity futures and options. With the passage of time, the mission of CFTC is constantly updated and expanded, and the latest expansion of CFTC's mission is embodied in the Commodity Futures Modern Act of 2000.