NFA ACTION: Integrity FX LLC
Felix Shipkevich - May 19, 2010The NFA accepted a settlement offer from Integrity FX LLC (IFX) and one of its principals, Luke M. Coleman, to permanently withdraw from NFA membership. The Complaint alleged that IFX failed to uphold high ethical standards by taking out high interest loans to repay earlier loans without a reasonable basis for believing the firm would be able to repay the new loans.
NFA ACTION: Carlo Scevola
Felix Shipkevich - May 17, 2010The NFA commenced an inquiry into Scevola’s operations Based on information that a former Lake Shore Asset Management Limited principal, Laurence Rosenberg, was affiliated with Scevola and Resolute Capital.
NFA Notice to Members
Felix Shipkevich - May 11, 2010NFA provides guidance for disclosure of business background information by commodity pool operators and commodity trading advisors
NFA ACTION: City Capital Management LLC
Felix Shipkevich - May 7, 2010The NFA permanently barred City Capital Management LLC and its principal, Jonathan Lee from NFA membership. CCM is a Commodity Trading Advisor located in Naples, Florida. The Decision, issued by NFA’s Business Conduct Committee, is based on an NFA Complaint filed in February 2010.
The Committee found that CCM failed to provide an NFA approved disclosure document to customers. [...]
NFA ACTION: AVS Carter Financial, Inc.
Felix Shipkevich - April 27, 2010The NFA permanently barred AVS Carter Financial, Inc. from NFA membership. AVS Carter Financial is a Commodity Trading Advisor located in Chicago, Illinois.
NFA ACTION: Windsor Wealth Management LLC
Felix Shipkevich - April 21, 2010The NFA issued a Complaint charging Windsor Wealth Management LLC with failing to list Anthony S. Bobba, formally principal of the Pioneer Commodities LLC, as a principal of Windsor.
NFA ACTION: Brewer Futures Group
Felix Shipkevich - April 15, 2010NFA issued a Complaint alleging that Brewer Futures Group failed to observe high standards of commercial honor and just and equitable principles of trade; failed to maintain required books and records; failed to maintain required capital; and failed to give notice.
Revised financial requirements for FCMs and IBs
Felix Shipkevich - March 31, 2010The CFTC’s revised financial requirements for FCMs and IBs and NFA’s amendments to NFA Financial Requirements Section 1 are effective as of March 31, 2010.
NFA grants conditional registration despite omissions
Felix Shipkevich - March 29, 2010On the basis of the consent evidenced by the Offer, and without any adjudication on the merits, the Subcommittee orders that Rischall’s floor broker/floor trader registration be hereby granted subject to five conditions.
NFA denies registration on account of willful omission
Felix Shipkevich - March 25, 2010On December 26, 2008, Chris Cameron filed an application to become registered with the Commodity Futures Trading Commission as a Floor Trader. On September 16, 2009, the NFA issued a Notice of Intent to Deny Registration to Cameron. The Notice alleged that on June 15, 2005, Cameron pled nolo contendere to the felony offense of [...]
