Lime Trading Corp. fined $100,000 by NFA

The National Futures Association (NFA) put a $100,000 fine on Lime Trading Corp. on February 7, 2024. It is a futures commission merchant member of the NFA based in New York. N.Y. Lime Trading became an NFA member in August 2016.

NFA claimed, “Lime Tradings conduct over the past two years illustrates an inability and/or reluctance by firm personnel to understand and pay attention to regulatory obligations.”.

Lime Trading's regulatory troubles began in 2021, when it filed segregation and secured statement calculations three days and one day late. In 2022, it also submitted daily segregation statement after the deadline. In 2023, Lime Trading submitted its financial report after four days of deadline.

The decision was made in response to a complaint filed by the NFA's Business Conduct Committee (BCC) accusing Lime Trading of failing to file multiple mandatory financial reports and notifications on time with the NFA. Though, Lime Trading filed a settlement offer in which it neither admitted nor rejected the accusations.

About NFA

NFA is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors, and ensure Members meet their regulatory responsibilities.

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