Marc Nagel

About the Author

Independent compliance consultant and expert witness with 35 years experience in the Futures industry. Most recently Marc served as COO and chief compliance officer for Dorman Trading in Chicago, where he still serves as General Counsel. Marc is a licensed attorney and CPA and serves on the Futures Commission Merchant Advisory Committee of the National Futures Association. He can be reached at mn@marcnagel.com or on the website www.marcnagel.com. 

Is this spoofing?

Marc Nagel
February 29, 2016
Dodd Frank Section 747 brought us a rule against “spoofing,” which is the entry of an order in the futures markets with the intention to cancel the order before it is acted upon.

Failure to supervise: Spoofing and wash sales

Marc Nagel
February 22, 2016
Traditionally in the futures industry, it is a rule violation to fail to diligently supervise your employees and agents.

The NFA cyber security requirement

Marc Nagel
December 4, 2015

The Commodity Futures Trading Commission (CFTC) recently approved the National Futures Association’s (NFA) Interpretive Notice entitled “Information Systems Security

Cyber risk keeps evolving

Marc Nagel
December 2, 2015

The 2nd Annual DePaul Cyber-Risk Conference was held Dec. 1, 2015 at the DePaul University downtown campus.

New customer protection rules have landed: Are you ready?

Marc Nagel
August 23, 2014
The twin debacles of MF Global and PFG have damaged the reputation of the futures industry demanding an examination of customer protection rules. New rules are being implemented, which will add cost and complexity to FCM compliance.

Rumors of the demise of FCMs...

Marc Nagel
July 11, 2014
s commission merchant (FCM) population was shrinking. Many names I was familiar with from the trading floors in Chicago were gone

Cyber Security: What’s worse, the threat or cure?

Marc Nagel
May 31, 2014
Reports of security breaches at major companies are becoming more common.

MF Global: The blame game

Marc Nagel
February 20, 2012
MF Global's bankruptcy has resulted in a lot of blame being shifted around. Here we look at who really is to blame and who isn't

MF Global bankruptcy files a "disgraceful disconnect"

Marc Nagel
December 18, 2011
An unintentional loss of connection to the CME Globex trading engine is called an “ungraceful disconnect"