Dan Roth: Working on rebuilding confidence

摘要

With the futures community still reeling from the MF Global debacle, the PFG fraud sent tremors through an industry that could no longer call MF Global a one-off event. In the middle of the storm was the National Futures Association (NFA), PFG's self-regulatory organization. The NFA had escaped much of the blame that swirled following MF Global, but the PFG fraud raised questions regarding its competence and the function of self-regulatory organizations.