CFTC Revokes Registrations of Gordon A. Driver and Axcess Fund Management, LLC

The CFTC announced the revocation of the registrations of Gordon A. Driver of Las Vegas, Nevada, and his company, Axcess Fund Management, LLC ("Axcess"). Axcess was registered with the CFTC as a CPO, and Driver was registered as an Associated Person of Axcess and listed as its sole principal.

This revocation was a statutory disqualification case heard by a CFTC Judgment Officer rather than an Administrative Law Judge, a development that the Federal Administrative Law Judges Conference implicitly objected to in a letter to CFTC Chairman Gensler in February.

Click here to view announcement in full (links externally to CFTC website).See also: Initial Decision: Gordon A. Driver, et al.Related News: "Proceedings before the Commodity Futures Trading Commission; Final Rule (CFTC - Fed. Reg. Version) (with Zwirb Comment)" (February 26, 2013).