NFA Settles with California IB for $125000 over a Fabricated Email
Posted: Wed Mar 16, 2016 3:55 pm
A long-standing Introducing Broker (IB) registered with the United States (US) National Futures Association (NFA) since 1999, California-based Hollencrest Securities, has been issued a fine by the NFA for $125,000 over what appears to be a fabricated email that one of its employees (now former staff) had admitted to creating in connection with the registration status of one of the IB’s prior associated persons (APs) with the NFA.
Email from Who?
This is according to the regulator’s press release today, and case document which reference that on March 15th 2015 one of Hollencrest staff members named Nita Charlton-Gomes had sent an email ... (read more)