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Showing posts with the label NFA | Enforcement Actions.

NFA | Enforcement Actions February 10, 2014: NFA permanently bars Pasadena, Calif. commodity pool operator Equity Swarm LLC, commodity trading advisor Adantia LLC and two of the firms' principals, Purnardeep Sikka and Jagjit S. Sikka

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  For Immediate Release February 10, 2014 For More Information Contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335,  kwuertz@nfa.futures.org NFA permanently bars Pasadena, Calif. commodity pool operator Equity Swarm LLC, commodity trading advisor Adantia LLC and two of the firms' principals, Purnardeep Sikka and Jagjit S. Sikka February 10, Chicago - National Futures Association (NFA) has permanently barred from membership Equity Swarm LLC (Equity), a commodity pool operator member of NFA and Adantia LLC (Adantia), a commodity trading advisor member of NFA. Both firms are located in Pasadena, Calif. NFA also permanently barred Purnardeep Sikka (P. Sikka) and Jagjit S. Sikka (J. Sikka), listed principals of both Equity and Adantia and NFA Associates. The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed against Equity, Adantia, P. Sikka, J. Sikka and Daryl P. Jamison (Jamison), a listed p

NFA | Enforcement Actions January 16, 2014: NFA orders trading prohibition against California futures firm Newport Private Capital, and its former principals, Jonathan M. Hansen and David M. Giunta

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  For More Information Contact: For Immediate Release January 16, 2014 Larry Dyekman (312) 781-1372,  ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335,  kwuertz@nfa.futures.org NFA orders trading prohibition against California futures firm Newport Private Capital, and its former principals, Jonathan M. Hansen and David M. Giunta January 16, Chicago - National Futures Association (NFA) has issued a trading prohibition against  Newport Private Capital LLC  (Newport Private Capital), a registered commodity pool operator and commodity trading advisor located in Newport Beach, California, and its former principals  Jonathan M. Hansen  (Hansen) and  David M. Giunta (Giunta). Effective immediately, Newport Private Capital, Hansen, Giunta and any other person or entity acting on their behalf, are prohibited from placing trades for any pools they operate, or accounts that they own or control or that are held in any of their names, except for liquidation of existing positions.

NFA | Enforcement Actions on October 15. 2013 to INTERBANK FX LLC: NFA issued a Complaint charging Interbank with failing to maintain complete and accurate records and failing to timely report trade data and other required information to NFA.

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Case Summary INTERBANK FX LLC NFA 13BCC00023 NFA ID: 0326091 Respondent/Effective Date Summary  NFA ID Respondent Effective Date  0326091 INTERBANK FX LLC 10/30/2013 Rule Summary  NFA ID Respondent Rule Type  0326091 INTERBANK FX LLC • C.R.2-48 - FDM DAILY TRADE DATA REPORTS • C.R.2-10 - RECORDKEEPING FCMS/IBS Committee Summary  NFA ID Respondent Committee  0326091 INTERBANK FX LLC • BUSINESS CONDUCT COMMITTEE Action Summary  NFA ID Respondent Action Types  0326091 INTERBANK FX LLC • GENERAL C

NFA | Enforcement Actions October 21, 2013: NFA orders AlphaMetrix LLC to satisfy its obligations to certain pool participants by November 1

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  For Immediate Release October 21, 2013 For More Information Contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org NFA orders AlphaMetrix LLC to satisfy its obligations to certain pool participants by November 1 October 21, Chicago - National Futures Association (NFA) today ordered AlphaMetrix LLC (AlphaMetrix) to satisfy its obligations to certain pool participants by November 1. The firm had deducted advisory fees for certain participants in commodity pools operated by the firm. Those fees were to be reinvested in the pools but were not. The total amount owed to participants is approximately $600,000. AlphaMetrix has approximately $700 million under management. According to NFA's action, if AlphaMetrix fails to satisfy its obligations by November 1, the firm would be prohibited from placing trades for any of its pools except for trades liquidating open positions. Further, any d

NFA revokes registration of introducing broker Gold Coast Futures Group and its associated person Stanley C. Brooks: NFA | Enforcement Actions September 24, 2013.

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  For Immediate Release September 24, 2013 For More Information Contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org NFA revokes registration of introducing broker Gold Coast Futures Group and its associated person Stanley C. Brooks September 24, Chicago - National Futures Association (NFA) has revoked the registration of introducing broker Gold Coast Futures Group (Gold Coast) of San Clemente, California, and Stanley C. Brooks , an associated person and Gold Coast's sole listed principal. In February, NFA issued a Notice of Intent to Revoke Registration for both Brooks and Gold Coast, alleging that the Securities and Exchange Commission had barred Brooks from associating with any broker, dealer or investment adviser, and from participating in any offering of penny stock. The Notice also alleged that Brooks should be disqualified from registration under Section 8a(3)(M) of the Commod

NFA fines New York forex firm FXDirectDealer LLC $1.1 million and orders the firm to pay $1.8 million in restitution to customers: NFA | Enforcement Actions September 18, 2013.

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  For Immediate Release September 18, 2013 For More Information Contact: Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org NFA fines New York forex firm FXDirectDealer LLC $1.1 million and orders the firm to pay $1.8 million in restitution to customers September 18, Chicago - National Futures Association (NFA) has issued a $1.1 million fine and a $1.8 million restitution order against FXDirectDealer LLC (FXDD), a registered futures commission merchant Forex Dealer Member of NFA located in New York City. The Decision, issued by NFA's Hearing Committee (Committee), is based on Complaints filed on June 29 and October 23, 2012 and a settlement offer submitted by FXDD. The June 29 Complaint charged FXDD with using asymmetrical price slippage settings that favored FXDD over its customers; failing to supervise the trade integrity of the firm's electronic trading systems; failing to maintain