The National Futures Association ("NFA") Business Conduct Committee brought a Complaint against a commodity pool operator and its principal for refusing to cooperate with the NFA in connection with an examination of the firm. The NFA claimed that the refusal to cooperate has prevented the NFA from determining whether the firm is in compliance with NFA and CFTC requirements.
If found liable, the company may be fined up to $250,000.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.