Daniel J. Roth

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Daniel Roth
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Location Chicago
Website www.nfa.futures.org

Daniel J. Roth is a retired derivatives regulator. He retired as the president and CEO of National Futures Association in March of 2017. He was appointed the position on Jan. 1, 2003 after serving as the association's general counsel, executive vice president and chief operating officer.[1][2] Roth currently serves as a member of the CFTC Global Markets Advisory Committee.[3][4][5]

In 2017, Roth was inducted into the Futures Industry Association's Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community. [6]

Background[edit]

Roth joined the Chicago-based NFA as an attorney in 1983, having previously served as an assistant state's attorney in the Cook County State's Attorney's Office, where he was a member of the Official Misconduct Task Force of the Special Prosecutions Bureau. Before that, he was an associate attorney in general litigation with the law firm of Sidley & Austin, now Sidley Austin.

Roth was one of four executives at NFA whose bonuses were cut by NFA's board after the fraud at the Peregrine Financial Group came to light in 2012.[7]

Education[edit]

Roth holds a law degree from Loyola School of Law and earned a Bachelor of Arts degree in communication arts from the University of Notre Dame. He has served as an adjunct professor at the Loyola School of Law and has authored numerous articles for futures publications.

John Lothian News Interviews[edit]

In 2015, John Lothian News conducted a two-part interview with NFA CEO Dan Roth, in which he offered up an honest assessment of the state of the agency in the wake of the MF Global and Peregrine Financial Group bankruptcies that rocked the industry in 2011 and 2012.

Internal Affairs: NFA CEO Dan Roth Highlights Changes in the Wake of MF Global and Peregrine Bankruptcies

In Part 1, Roth summarizes the internal changes made at the NFA, from its audit and hiring practices to the delivery of information to NFA members and market participants.

New Rules: NFA's Dan Roth on Confirmations, Residual Interest and the Corzine Rule

Part 2 is a summary of changes made to the agency’s rules to restore customer confidence, namely on audit confirmations, residual interest (which differs from the CFTC's residual interest rule), and the treatment of customer segregated funds (the "Corzine Rule").

Testimony on MF Global Liquidation[edit]

On Dec. 8, 2011, Roth testified before the House Committee on Agriculture regarding the liquidation of MF Global and the integrity of the futures markets.[8] He spoke about the need for a regulatory overhaul in the wake of MF Global's collapse. The ideas he put forward included storing customer money with a third-party custodian, instead of with a futures brokerage directly, and having self-regulatory organizations perform surprise spot-checks more frequently to confirm account balances.

MF Global filed for bankruptcy protection on Oct. 31, after making a $6.3 billion bet on European sovereign debt.[9]

VIEW THE TESTIMONY

References[edit]

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