What do you expect. NFA is a private club. They already have the larger members voting to squeeze out their immediate competition by raising the minimum operating capital from $5million to $20million. They have to make up for the loss of membership fees somehow, so why not seek out the myriad of rebate paying IB's who already earn a meagre wage after they pay their rebates.
NFA can go to hell if they think they are going to force me to join them. If I'm not actually holding the money of the trader, only introducing them, I shouldn't need to be NFA registered, afterall, we IBs are just glorified support staff really.
