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ARTICLE · 26 MARCH 2018

Introducing Broker Settles NFA Capital Deficiency Charges

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An introducing broker and NFA member agreed to pay a $10,000 fine to settle charges that it failed to maintain adequate levels of adjusted net capital.

United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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An introducing broker and NFA member agreed to pay a $10,000 fine to settle charges that it failed to maintain adequate levels of adjusted net capital ("ANC").

In a Complaint, the NFA alleged that FuturePath Trading LLC ("FuturePath") failed to take into account approximately $2,500 in liabilities, leading to an ANC deficiency of $2,000. The NFA discovered the alleged deficiency when it conducted an examination of FuturePath in 2017. Through the investigation, the NFA also uncovered other instances in which FuturePath failed to meet its minimum ANC requirement and did not timely report ANC deficiencies to the NFA.

FuturePath was charged with violating NFA Financial Requirements Sections 5(a) and 5(c).

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