“We’re looking for the bad apples, trying to find them as quickly as we can, and putting them out of business.”
The futures markets are about two things — price discovery and risk transfer. But all businesses that attract capital also attract a small number of less-than-scrupulous participants, or “bad apples,” as Karen Wuertz, SVP of strategic planning and communications at the National Futures Association calls them in this MarketsWiki Education, Chicago 2016 presentation. Wuertz says the NFA, in its continuing mission to ensure market integrity and protect customers, is always on the lookout both for irregular market behavior and for fresh talent to help the self-regulatory organization achieve its goals.
Among her advice to the next generation is to keep one’s head up. Opportunity may be standing next to you in the elevator, but if your eyes are buried in the smartphone and your earbuds are blaring, opportunity may pass you by. She also says not to let the words “regulation and compliance” fool you, as the number of opportunities in the field is growing and varied.
How ’bout them apples?