NFA Initiates Enforcement Actions for Supervisory and Marketing Failures

The National Futures Association ("NFA") issued an enforcement action against EdgeValencia and its two owners (collectively, "EV") for failing to observe high standards of commercial honor and just and equitable principles of trade.

According to the NFA, EV recommended trades that were geared more towards maximizing commissions for themselves rather than customers. Moreover, the NFA found that EV used misleading and deceptive promotional material and the co-owners failed to diligently supervise the activities of the firm.

See: EdgeValencia Complaint; EdgeValencia Decision; Edge Complaint; Edge Decision; Valencia Complaint; Valencia Decision.