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期货和衍生品行业监管动态

person of Alggoritmica, to withdraw from, and not reapply for, NFA membership

status for three years and to pay a $75,000 fine and comply with several undertakings

if he reapplies for NFA membership or principal status in the future.

The Decision, issued by an NFA Hearing Panel, is based on a Complaint issued

by NFA’s Business Conduct Committee (BCC) and a settlement offer submitted by

Alggoritmica and Hidalgo, in which they neither admitted nor denied the allegations

in the Complaint. In the Complaint, the BCC alleged that Alggoritmica violated NFA

Compliance Rule 2-13(a) by, among other things, failing to ensure that its pool,

Alggoritmica Volatility Portfolio Fund LP (Volatility Fund), qualified for a claimed

exemption under CFTC Regulation 4.7 and using a misleading disclosure document;

and violated NFA Compliance Rule 2-45 by permitting a prohibited loan or advance

of Volatility Fund assets to Alggoritmica and Hidalgo. The BCC further alleged that

Alggoritmica and Hidalgo violated NFA Compliance Rule 2-4 by not acting in the

best interest of Volatility Fund and its participants and violated NFA Compliance Rule

2-5 by failing to cooperate promptly and fully with NFA.

In its Decision, the Hearing Panel found that Hidalgo committed the violations

alleged against him in the Complaint.

https://www.nfa.futures.org/newsnotices/newsArticle.aspx?Year=2025&ArticleID=57

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10. 美国商品期货交易委员会通过关于修订互换交易商商业行为及互换交易存

档要求的最终规则（2025 年 12 月 18 日）

最终规则消除多余成本，并解决了长达十余年的监管不确定性

美国商品期货交易委员会（CFTC）宣布已通过一项最终规则，将部分现行

CFTC 工作人员不行动立场文件正式予以编纂成文，这些文件适用于互换交易商

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