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Showing posts with the label NFA | Enforcement Actions

NFA | Enforcement Actions: NFA fines California firm Option Investments, Inc.; sanctions its principals and several associated persons

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For Immediate Release For More Information Contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org March 28, Chicago - National Futures Association (NFA) has levied a $75,000 fine against Option Investments, Inc. ("OpVest"), a Commodity Trading Advisor and an Introducing Broker NFA Member located in Irvine, California. Scott A. Altenburg and Andre Julian , principals of the firm, were also sanctioned by NFA, along with several other associated persons (APs). The Decision, issued by NFA's Business Conduct Committee, is based on an NFA Complaint filed in March 2012 and a settlement offer submitted by OpVest, Altenburg, Julian and its APs: Robert M. Hudson , Kyle E. Aure , Jason S. Boyle , Scott A. Daugherty , Mitchell Fee , Robert M. Hart and Sean L. Kirksey Branum . The Complaint charged OpVest, Hudson, Aure, Boyle, Daugherty, Fee, Hart and Branum with failing to observe high

NFA | Enforcement Actions: NFA permanently bars Texas Commodity Trading Advisor FIN FX LLC and its principal, Leon L. Wolmarans

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For Immediate Release For More Information Contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org March 7, Chicago - National Futures Association (NFA) has permanently barred FIN FX LLC (FIN FX) from NFA membership and its principal, Leon L. Wolmarans . FIN FX was a Commodity Trading Advisor in Carrolton, Texas and NFA Member firm since December 2007. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in August 2011 and a settlement offer submitted by FIN FX and Wolmarans. The Complaint charged that FIN FX and Wolmarans failed to promptly and fully cooperate with NFA in its investigation of FIN FX's business, used false and misleading promotional material, and posted trading results on FIN FX's website for which they could not provide support. In April 2011, NFA issued a Member Responsibility Action (MRA) which suspended FIN FX and Wolmarans from NFA