Regulators, whose ranks include the industry trade group the National Futures Association, have still missed the big picture.

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John Person, president, National Futures.com, said although stocks are off their November lows, the improving U.S. economic outlook is not fully reflected in equity values.

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It would create a super-agency that rolls up the investor protection functions of the Securities and Exchange Commission, Commodity Futures Trading Commission, National Futures Association, FINRA and Securities Investors Protection Corp.

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On Sunday, July 8th, PFGBest, a commodities trading firm, had allowed the National Futures Association (NFA) to conduct 3rd party confirmation of its banking records through the automated system provided by Capital Confirmation.

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One of her granddaughters e-mailed in January after she heard a National Public Radio interview about a book I wrote, The Futures.

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Exchanges for actual delivery, rather than cash-settled futures exchanges quoted only in bitcoin, will also require holding customer funds in national currencies.

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That raises an interesting question of whether a national agency is required to help contract for those services, with praise for the way in which the Scottish Futures Trust has used centrally-focussed expertise to help councils and health boards procure their capital projects.

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