NFA barred a former CPO and its principal from NFA membership for one year for using misleading promotional materials concerning the CPO's performance.

According to the Decision, the Hearing Panel found that the Respondents, Quants Capital Management, Inc. ("Quants") and Gokhan Kisacikoglu, used deceptive promotional material that included "unsubstantiated positive performance information" and presented "hypothetical information" as if it were about the actual performance. The Hearing Panel also found that Quants neglected to prepare and distribute required monthly account statements.

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