NFA Fines Global Asset Advisors $235,000 for Supervisory Breach

[kreslik.news]

The U.S. National Futures Association (NFA) has fined Global Asset Advisors, the futures business arm of GAIN Capital (NYSE: GCAP), for lack of “adequate supervisory procedures” to monitor a trading manager and allowing him to trade for his wife’s account even after he was banned from trading.

The industry self regulator has imposed total fines of $235,000 on the company and two executives, Glenn Swanson who serves as the president of Daniels Trading and Kenneth S. Packard, the chief sales and marketing officer at the registered introducing broker.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

In July, R.J. ... (read more)