Series 34 (continued) retail off-exchange forex examination SERIES 34 E. Forex Regulatory Requirements • CFTC Regulations - Close out of offsetting positions - Disclosure of profitable vs. non-profitable accounts - Prohibition of guarantees against loss - Registration requirements - Re-quoting - Security deposits - Specific authorization for trades • CFTC jurisdiction and jurisdictional limitations • Conflicts of interest • Disclosures to customers • Jurisdictional & regulatory framework • Know your customer • NFA Interpretive Notices - The Allocation of Bunched Retail Forex Orders for Multiple Accounts - Forex Transactions - Requirements for Forex Transactions - Supervision of the Use of Electronic Trading Systems - Prohibition on the Use of Certain Electronic Funding Mechanisms (Effective January 31, 2015) • NFA membership and associate membership requirements • Promotional material & solicitation • Reports to customers, confirmations, monthly summaries • Security deposit rules • Security of customer funds, no segregation 23 .