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ARTICLE · 24 SEPTEMBER 2019

NFA Permanently Bars CTA And Principal

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NFA permanently barred a CTA and its principal for providing false information and failing to cooperate with an NFA examination.

United StatesFinance and Banking
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NFA permanently barred a CTA and its principal for providing false information and failing to cooperate with an NFA examination.

According to NFA, Systra LLC ("Systra") and its principal advisor:

  • provided false information concerning the principal advisor's trading activity in a managed pool; and
  • did not cooperate with an NFA examination, failed to provide requested documentation and was unavailable for questioning.

As a result, NFA found that Systra and its principal advisors' failure to respond to the Complaint was an admission of the charges.

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