09/09
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Finding a Reputable Broker
Dolly hops on the internet and makes a few calls, and discovers that in the United States most reputable brokers are registered as Futures Commission Merchants (FCMs) with the Commodity Futures Trading Commission (CFTC) as well as with the NFA (National Futures Association); two organizations which were founded to protect the public from market manipulation, fraud and other abuses.
The NFA can be contacted at 1 (800)621-3570 and keep records of both a broker's registration status (with the NFA and the CFTC) as well as their disciplinary history. For those who prefer the internet, it can also be found online at www.nfa.futures.org/basicnet/.
Despite Jimmy's protests, Dolly insists.....(login to view article)
