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NFA Permanently Bars CTA and Principal

NFA permanently barred a CTA and its principal for providing false information and failing to cooperate with an NFA examination.

According to NFA, Systra LLC ("Systra") and its principal advisor:

  • provided false information concerning the principal advisor's trading activity in a managed pool; and

  • did not cooperate with an NFA examination, failed to provide requested documentation and was unavailable for questioning.

As a result, NFA found that Systra and its principal advisors' failure to respond to the Complaint was an admission of the charges.

Primary Sources

  1. NFA Press Release: NFA Bars Chicago, IL CTA Systra LLC and Its Principal Robert H. Kopp from Membership
  2. NFA Order: Systra LLC and Robert H. Kopp
  3. NFA Complaint: Systra LLC and Robert H. Kopp

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Tags

Regulated Activities
Regulatory Reporting
Regulated Entities
Adviser / CTA / CPO
Body of Law
CEA Regulation
Jurisdiction
US - Federal
Organization
CFTC, NFA, CFTC Markets
Sub-Author
NFA