Disclosure details -

National Futures Association

Year 1982Regulated by Government

National Futures Association (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.

Disclose broker

Sanction Fine

FIS

Disclosure summary

Disclosure matching Name matching
Disclosure time 2021-10-28
Penalty amount $ 140,000.00 USD
Reason for punishment The Committee found that Freight failed to keep full, complete and systematic records of all transactions relating to Freight's business of dealing in commodity interests. The Committee also found that Freight allowed an unregistered individual to act as an associated person without being registered in such capacity and an NFA Associate.

Disclosure details

NFA orders London, U.K. introducing broker Freight Investor Services Limited to pay a $140,000 fine

For Immediate Release October 28, 2021 For more information contact: Christie Hillsman, 312-781-1497, chillsman@nfa.futures.org Karen Wuertz, 312-781-1335, kwuertz@nfa.futures.org NFA orders London, U.K. introducing broker Freight Investor Services Limited to pay a $140,000 fine October 28, Chicago—NFA has ordered Freight Investor Services Limited (Freight), an NFA Member introducing broker located in London, U.K., to pay a $140,000 fine. The Decision, issued by NFA's Business Conduct Committee (BCC), is based on a Complaint issued by the BCC and a settlement offer submitted by Freight, in which it neither admitted nor denied the allegations. The Committee found that Freight failed to keep full, complete and systematic records of all transactions relating to Freight's business of dealing in commodity interests. The Committee also found that Freight allowed an unregistered individual to act as an associated person without being registered in such capacity and an NFA Associate. The complete text of the Complaint and Decision can be viewed on NFA's website.

Annex

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More regulatory disclosure

Sanction

2021-05-20

NFA orders Plymouth, Minn. introducing broker Roy E. Abbott Futures, Inc. to pay a $75,000 fine and approximately $198,000 in restitution to customers