The National Futures Association, or NFA, is a self-regulatory organization in the United States that oversees the futures and derivatives markets. Established in 1982, its primary role is to ensure the integrity of these markets by enforcing compliance with industry regulations and protecting investors from fraud. The NFA provides various services, including registration of firms and individuals, conducting audits, and offering educational resources. It plays a crucial role in maintaining market transparency and promoting ethical practices among its members, which include brokers, traders, and other market participants.