NFA Permanently Bars Chazon QTA Quantitative Trading Artists LLC

NFA announced permanent membership bars against Chazon QTA Quantitative Trading Artists LLC ("Chazon"), a commodity pool operator ("CPO"), and its associated person and firm principal for refusing to produce bank records requested by NFA.

The decision states that Chazon violated NFA Compliance Rule 2-5 by failing to "cooperate promptly and fully" with NFA during the course of an examination of Chazon. According to the decision, Chazon refused to provide bank records NFA requested in order to (i) determine the source of funds used to capitalize Chazon and to fund the pools that Chazon operates and (ii) determine whether any other persons should be listed as principals of Chazon.

See: NFA Complaint; NFA Decision.