NFA Files Complaints for Compliance Rule Violations

The NFA’s Business Conduct Committee issued a complaint against Level III Management LLC ("L3M"), Level III Trading LLC ("L3T"), and Bruce A. Gwyn ("Gwyn"), alleging three counts of NFA compliance rule violations. Gwyn, who is the Listed Principle and Associated Person ("AP") of L3M and L3T, faces allegations which include the misappropriation of funds in one pool (Level III Trading Partners LP ("L3LP" or "the Fund")), using the Fund for his personal benefit, using questionable valuation methods of L3M's and his investments, as well as failing to comply with quarterly and annual NFA filing requirements. L3M, L3T, and Gwyn have 30 days to file a written answer in response to each allegation.

Complaints: Gwyn, Bruce Alexander; Level III Management LLC; Level III Trading LLC.