NFA CEO Daniel Roth to retire; Board begins search for successor

The U.S. financial regulator National Futures Association (NFA) announced today that President and CEO Daniel Roth has announced his plan to retire in the coming year. NFA’s Board of Directors has authorized the formation of a committee to conduct an internal and external search for his successor.

NFA is the industry wide, self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps).

nfaMr. Roth presided over the NFA, when the regulator made a landmark decision to ban retail FX account funding by method of credit card back in 2014, ensuring to protect the integrity of the stateside industry for both brokers and traders alike.

“I’m proud of all that NFA has achieved during my time as CEO,” said Mr. Roth. “NFA is well-positioned to fulfill its expanding regulatory responsibilities in the coming years. I’ve been honored to spend more than 30 years working with a talented and diverse group of professionals who are dedicated to safeguarding market integrity.”

“Dan has been central to the growth and success of NFA,” says Michael Dawley, NFA’s Board Chairman. “Identifying a strong successor who will continue our mission is one of the highest priorities of the NFA Board over the coming months. As part of our succession planning process, the Board has named a search committee made up of existing Board members and other individuals with knowledge of our markets and NFA’s important regulatory role. The committee looks forward to the search process and to working closely with Dan on this important transition.”

For more than 30 years, NFA has developed and enforced rules and programs to safeguard market integrity, protect investors and ensure Members meet their regulatory responsibilities. NFA’s membership currently numbers nearly 4,000 Members and more than 54,000 associates.

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