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News & Notices: NFA bars Chicago, Ill. commodity trading advisor Systra LLC and its principal Robert H. Kopp from membership

News & Notices | NFA 2 minutes - Source: NFA For Immediate Release September 17, 2019 For more information contact: Kristen Scaletta, 312-781-7860, kscaletta@nfa.futures.org Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org NFA bars Chicago, Ill. commodity trading advisor Systra LLC and its principal Robert H. Kopp from membership September 17, Chicago—NFA has permanently barred Systra LLC (Systra), an NFA Member commodity trading advisor located in Chicago, Ill., and its sole principal and associated person Robert H. Kopp from membership and from acting as a principal of an NFA Member. The Decision , issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC. The BCC found that Systra and Kopp provided false information to NFA concerning Kopp's trading activities on behalf of a pool managed by Systra. The BCC also found that Systra and Kopp failed to cooperate wit

NFA adopts Interpretive Notice entitled NFA Compliance Rule 2-9: CPO Internal Controls System

News & Notices | NFA 3-4 minutes 2019 Notice I-19-03 January 31, 2019 NFA adopts Interpretive Notice entitled NFA Compliance Rule 2-9: CPO Internal Controls System NFA recently adopted an Interpretive Notice entitled NFA Compliance Rule 2-9: CPO Internal Controls System (Interpretive Notice). The Interpretive Notice requires commodity pool operator (CPO) Members, which have the ability to control customer funds, to implement an internal controls framework designed to: Protect customer funds; and Provide reasonable assurance that the books and records of a CPO's commodity pools are accurate and reliable and that the CPO is in compliance with all CFTC and NFA requirements. The Interpretive Notice will become effective on April 1, 2019. In order to demonstrate an adequate internal controls system, the Interpretive Notice also requires CPO Members to have a strong control environment, which includes adopting and implementing written policies and