NFA Rule 2-29

Key requirements:

• Communications and promotional materials must not be fraudulent, misleading, aggressive, or suggest that commodity trading is suitable for everyone.
• Performance claims and risk disclosures must be accurate and balanced, with clear risk disclosures and statements that past performance does not guarantee future results.
• Hypothetical results, testimonials, and performance presentations must meet specific disclosure and substantiation standards.
• Statements of opinion must be clearly identified and have a reasonable factual basis.
• Supervisory procedures, approvals, and records must support compliance and promotional claims.
• NFA oversight and filing requirements may include review of promotional materials and advance approval of certain advertisements.