United States:
CPO Suspended For Using Misleading Promotional Material
25 March 2019
Cadwalader, Wickersham & Taft LLP
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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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