NFA Business Conduct Committee Bars Firm and its Principal from Membership

The NFA permanently barred a financial firm, previously an NFA Member introducing broker, from NFA membership. The decision is based on a complaint authorized by the NFA's Business Conduct Committee that alleged, among other things, that the firm failed to keep accurate financial records, failed to maintain the required minimum adjusted net capital, and willfully provided NFA with false and misleading information.

See: NFA Press Release; NFA Business Conduct Committee Complaint.
Related news: Investment Management Firm Settles Charge That It Failed to Disclose Conflict to Clients (August 10, 2015).