United States:
NFA Orders Former CPO, CTA And Sole Principal To Withdraw From NFA Membership
13 June 2019
Cadwalader, Wickersham & Taft LLP
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NFA ordered a former CPO and CTA (i.e., Almas
Capital Management LLC ("Almas Capital")), along with its
former sole principal, not to reapply for NFA membership or act as
a principal of a member. NFA's decision was based on a
Complaint by NFA's Business Conduct Committee and a settlement
offer submitted by Almas Capital and its former principal Mark
Nichols in which "neither admitted nor denied the
allegations." The Complaint alleged that Almas Capital and Mr.
Nichols failed to cooperate with NFA during its 2018
examination.
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