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Hedge Funds Partner Discusses NFA’s Examination of Firms’ Compliance Cultures in Compliance Intelligence

Practices: Hedge Funds, Derivatives & Commodities

Compliance Intelligence quotes hedge funds partner Deborah Monson (Chicago) in a Jan. 21 article titled “NFA Eyes Firms’ Compliance Cultures.” Ms. Monson explains the importance of firms’ ability to demonstrate a culture of compliance to National Futures Association examiners and notes the key to demonstrating a strong culture of compliance is advanced preparation so firms are able to supply documents in a “timely fashion” as well as adequately address previous deficiencies that were identified in past regulatory exams. Ms. Monson also notes that if “you make the right impression, it helps put examiners in a more amenable frame of mind.”

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