Since 2012, the number of CPOs, CTAs, and IBs required to register with NFA has seen a dramatic increase. With this increase came a renewed commitment by regulators to not only audit new NFA Members within the first year, but more frequently thereafter as well. The frequency of subsequent on site audits depends upon an analysis of risk factors. Some of the risk factors include but are not limited to: Customer Complaints Qualifications of Principals Principals Prior Firm Regulatory Issues Reviews of Promotional Materials Regulatory Filing Issues Time between Registration and/or last NFA Exam Of late, NFA has been scrutinizing…