Exchange Analytics Launches the First Customer Protection Rule Training Program for Futures Commission Merchants


Exchange Analytics Inc., the premier provider of training courses for the futures and derivatives industry, announces the launch of a web-based course for Futures Commission Merchants (FCMs). It is the first course available for satisfying the training requirement of the U.S. Commodities Futures Trading Commission’s (CFTC) new Customer Protection Rules, which took effect in January 2014.

The new Customer Protection Rule requires Futures Commission Merchants (FCM) to provide annual training to all its finance, treasury, operations, regulatory, compliance, settlement and other relevant officers and employees (Reg. 1.11). The training covers the handling of customer funds, procedures for reporting suspected breaches of policies and procedures, and the consequences of failing to comply with the segregation requirements of the Act.

Similar to other Exchange Analytics compliance courses, its Customer Protection Rule online training course is interactive, offers easy-to-use features and audio to make this 45-minute course simple to understand and use.

“The CFTC has put forth this important rule to promote the financial stability of the derivatives markets, and significantly strengthens customer protection,” said Larry Israel, president of Exchange Analytics. “We have designed this course to thoroughly cover the requirements of the rule and offer our FCM customers a method to efficiently and cost-effectively provide this training to their employees.”

Marc Nagel served as an expert to Exchange Analytics in the development of the Customer Protection Rule training course. He is a former chief compliance officer of a major FCM, attorney and CPA. Mr. Nagel serves on the Nominating Committee and Futures Commission Merchant Advisory Committee of the National Futures Association, and the Advisory Board of the Illinois Institute of Technology’s Chicago Kent College of Law Futures and Derivatives Conference.

Exchange Analytics’ web-based Customer Protection Rule course is the latest addition to its family of compliance training and education which includes ethics and anti-money laundering (AML) training.

About Exchange Analytics

Since 1995, Exchange Analytics has provided compliance training to the largest financial services firms and exchanges in the world, employing well over one million people. The firm is the world’s largest provider of compliance training courses to the futures and derivatives industry. Exchange Analytics’ courses are developed by premier industry experts including former Commodity Futures Trading Commission personnel, former compliance officers from the National Futures Association, and high-ranking compliance officials from the world’s leading financial services organizations. Exchange Analytics’ President Larry Israel is a 35-year member of the Chicago Board of Trade.

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