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 the president and CEO of the 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 elected to the FIA Hall of Fame.[6]

Background

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.

Education

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

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

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.[7] 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.[8]

VIEW THE TESTIMONY

References

  1. NFA Board appoints Dan Roth new President and CEO. NFA.
  2. People. Futures Industry Magazine.
  3. Global Markets Advisory Committee Members. Commodity Futures Trading Commission.
  4. CFTC, Toothless Regulator, Looks to Take a Bite Out of Derivatives. Huffington Post.
  5. NFA CEO Daniel Roth to Retire. NFA.
  6. FIA inducts 14 individuals into FIA Futures Hall of Fame. Futures Industry Association.
  7. Testimony of Daniel J. Roth. NFA.
  8. MF Global Collapse Triggers New Regulations. Reuters via CNBC via Lawrence McDonald.