NFA Charges Introducing Broker, CTA/CPO and Principal with Using Misleading Promotional Material

The NFA found that the companies' principal, as well as both PAMC and AIM, used misleading promotional material to solicit the public by touting the likelihood of investors achieving dramatic profits, and downplaying the risk of loss by contextualizing it within presentations of large-profit examples.

The Complaint also charged PAMC and AIM with failing to maintain required records relating to the promotional material, and PAMC, AIM, and their principal with (i) failing to observe "high standards of commercial honor and just and equitable principles of trade," and (ii) failing to diligently supervise.

PAMC and AIM continue to share an office in the British Virgin Islands. The NFA found that the companies' principal, as well as both PAMC and AIM, used misleading promotional material to solicit the public that touted the likelihood of investors achieving dramatic profits, and that downplayed the risk of loss by contextualizing it within presentations of large-profit examples.

See: NFA Complaint.