NFA Emergency Enforcement Action Against Firm that Failed to Register

National Futures Association ("NFA") took an emergency enforcement action against Light Tower Investments, Inc. (LTI), an NFA Member commodity pool operator (CPO) and commodity trading advisor (CTA) located in Escondido, California, and Klaus P. Weyers (Weyers), a principal and associated person (AP) of LTI.

Specifically, NFA believes that LTI was operating a commodity pool – LTI Capital – although LTI and Weyers failed to list the pool with NFA or submit a Pool Disclosure Document to NFA for review and acceptance, or file an exemption from CFTC registration. In addition, NFA believes that LTI and Weyers had been managing several accounts as a CTA since June 2011, even though they only recently disclosed to NFA that LTI was active as a CTA.

See: Press Release.