NFA Promotes Carol Wooding to Succeed Thomas Sexton as General Counsel

The National Futures Association (NFA), the premier self-regulatory organization in the US, has seen another key position change hands, as Carol Wooding is promoted to Vice President, General Counsel and Secretary. Ms. Wooding succeeds Thomas Sexton, who was promoted in November 2016 to serve as the NFA's President and CEO effective March 1, 2017.

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Most recently, Carol Wooding worked as associate general counsel at the NFA. She began her career in 1991 as an NFA staff attorney and was subsequently promoted to Assistant General Counsel in 1998 and to Associate General Counsel in 2010.

During the nearly three decades of Wooding’s tenure, trading volume on US futures exchanges has increased more than 400 percent, while customer complaints have decreased by nearly 72 percent, according to the NFA’s metrics.

Ms. Wooding earned her law degree from Loyola University School of Law in addition to a Bachelor of Science Degree in Accounting from DePaul University.

Announcing the appointment, NFA General Counsel Thomas Sexton said: “Carol has a deep understanding of the regulatory issues facing the derivatives markets. She has years of experience developing rules and implementing effective regulatory programs to ensure market integrity and enhance customer protection. With her extensive experience in derivatives Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term and her demonstrated leadership abilities, Carol is well prepared to address the issues facing NFA and the industry."

The NFA is the self-regulatory organization for the US derivatives industry, including on-Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term traded futures, retail off-exchange foreign currency and OTC derivatives.