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Showing posts with the label NFA RELEASES

NFA: For Immediate Release. NFA permanently bars Houston firm Commodity Futures & Options Service, Inc.; sanctions its principal. April 26th, 2010

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For Immediate Release For More Information Contact: Larry Dyekman (312) 781-1372 begin_of_the_skype_highlighting                   (312) 781-1372         end_of_the_skype_highlighting , ldyekman@nfa.futures.org Karen Wuertz (312) 781-1335 begin_of_the_skype_highlighting                   (312) 781-1335         end_of_the_skype_highlighting , kwuertz@nfa.futures.org NFA permanently bars Houston firm Commodity Futures & Options Service, Inc.; sanctions its principal April 26, Chicago - National Futures Association (NFA) has permanently barred from NFA membership Commodity Futures & Options Service, Inc. (CF&O). CF&O is an Introducing Broker located in Houston, Texas. Bryan L. Wright , an associated person and principal of CF&O was also barred from NFA membership for a period of five years. Wright must pay a fine of $10,000 if he reapplies for NFA membership after the five-year bar. The Decision, issued by an NFA Hearing Panel, is based on

National Futures Association and AARP co-sponsor "Operation Fight Fraud" during Money Smart Week, April 12th, 2010

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For Immediate Release For More Information Contact: Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org National Futures Association and AARP co-sponsor "Operation Fight Fraud" during Money Smart Week April 12, Chicago - National Futures Association (NFA) and AARP will co-sponsor a seminar that aims to provide individuals with the tools they need to help protect themselves and others from the risk of consumer and investment fraud during the economic downturn. The seminar, "Operation Fight Fraud", will be held on Tuesday, April 20 from 12:00 p.m. to 1:00 p.m. in the Chicago Authors Room, 7th floor of the Harold Washington Library. The library is located on 400 S. State Street in Chicago, Illinois. The event is one of more than 450 free classes, seminars and activities promoting financial education that will take place during Money Smart Week Chicago (April 17-24). "Whether it'

NFA : CFTC Commissioner Michael Dunn to be keynote speaker at NFA's CPO/CTA Regulatory Seminar

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February 16, 2010 CFTC Commissioner Michael Dunn to be keynote speaker at NFA's CPO/CTA Regulatory Seminar CFTC Commissioner Michael Dunn will be the keynote speaker at NFA's CPO/CTA Regulatory Seminar on Tuesday, March 2 in Chicago. The day-long seminar will focus on several CPO/CTA issues, including new and pending legislation, recent additions to financial reporting requirements and common errors made in promotional material and disclosure documents. The seminar will also outline the NFA audit process and discuss common audit deficiencies. There's still time to register to attend the seminar. The cost is $100 for NFA Members and $150 for non-Members. The fee includes all workshop materials, continental breakfast, refreshment breaks and lunch. Click here for more information on the seminar.

NFA Releases: NFA sanctions Las Vegas commodity trading advisor and its principal

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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 NFA sanctions Las Vegas commodity trading advisor and its principal February 1, Chicago - National Futures Association (NFA) has ordered  NetBlack Capital LLC  (NetBlack) to withdraw from NFA membership and not reapply for NFA membership for a period of five years. NetBlack is a commodity trading advisor located in Las Vegas, Nevada. The firm must also pay a fine of $15,000 in the event it reapplies for NFA membership after five years. NFA also levied a $15,000 fine against  John F. Netto , a principal and sole associated person of NetBlack. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in August 2009 and a settlement offer submitted by NetBlack and Netto. The Panel found that NetBlack and Netto conducted business with Jason Black (aka Jes Black), who was suspended from NFA members

NFA permanently bars Chicago commodity pool operator, Wextrade Commodity Managers LLC

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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 NFA permanently bars Chicago commodity pool operator, Wextrade Commodity Managers LLC January 21, Chicago - National Futures Association (NFA) has accepted a settlement offer from Wextrade Commodity Managers LLC (WCM) to permanently withdraw from NFA membership. Paul J. Adrian , WCM's principal, is barred from NFA membership for a period of three years. WCM is a Commodity Pool Operator located in Chicago, Illinois. The Decision, issued by an NFA Hearing Panel, is based on an NFA Complaint filed in May 2009 and settlement offers submitted by WCM and Adrian. The Complaint charged that WCM and Adrian failed to supervise the firm and its commodity futures activities. Additionally, the Complaint charged that WCM commingled the pool's assets, received funds in unauthorized names or accounts and failed to provide req