Series 3: 7.6.1.7. Member Responsibility Actions (MRAs)

7.6.1.7. Member Responsibility Actions (MRAs)

The NFA may suspend a member firm or associated person from membership, require it to restrict its operations, or direct the firm to take remedial action to protect the commodity futures markets, its customers, or other members or associates. An order for remedial action may require the firm to immediately infuse additional capital into its operations or to maintain its adjusted net capital at a level in excess of its current capital requirement.

The NFA must serve the respondent with a notice before the action is taken. This notice must state:

• The action it intends to take

• The reasons for the action

• The action