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On December 9, 2009, this NFA issued a Complaint against Torc Investment and Research LLC, an independent introducing broker Member of NFA and a registered broker-dealer, located in New York City. The Complaint alleged that Torc failed to file its December 31, 2007, June 30, 2008 and June 30, 2009 unaudited semi annual financial statements [...]

The Complaint alleged that GFS failed to provide the NFA with a copy of a notice of bulk liquidation and transfer of customer accounts before it was posted on GFS’s website, in violation of NFA Compliance Rule 2-40.

The NFA issued a Complaint against Treesdale, a commodity pool operator located in New York, New York. The Complaint alleged that Treesdale failed to timely file the annual financial report for its pool, in violation of NFA Compliance Rule 2-13. Treesdale submitted an Offer to the Panel in which, without admitting or denying the allegations [...]

NFA Compliance Rule 2-46 will become effective on March 31, 2010.

On March 5, 2010, the Financial Crimes Enforcement Network (FinCEN) issued guidance to clarify and consolidate existing regulatory expectations for obtaining beneficial ownership information for certain accounts and customer relationships.

The NFA has taken an emergency enforcement action against IAG Capital Management, LLC (IAG), William P. Kelly and Timothy M. Murphy. IAG is a commodity pool operator located in Weston, Connecticut. Kelly is a current principal and associated person (AP) of IAG while Murphy is a former principal and AP of IAG.
NFA has taken this Member Responsibility Action [...]

An NFA Hearing Panel issued a Decision finding that IKON Global Markets violated NFA Compliance Rule 2-36(c), as alleged in Count I of the Complaint, and ordered the firm to pay a $20,000 fine by April 18, 2010. The Panel dismissed Count II of the Complaint, which was that the firm failed to adopt enhanced [...]

The NFA revoked the registrations of Jeremy J. Grena, Nabil P. Niman, Nicholas P. Payne, William M. Rill and Alexander M. Silverman, former associated persons of Pioneer Commodities LLC (Pioneer) and Windsor Wealth Management LLC, firms based in Boca Raton, Florida.

The NFA ordered 1 FX Trader LLC not to apply for NFA membership or principal status with any NFA Member. David Arena, the firm’s principal and AP, was ordered not to apply for NFA membership, associate membership or principal status with any NFA Member.
On December 16, 2009, NFA issued a Complaint charging FXT with cheating, [...]