NFA Surprised During Surprise Audit, Bars CTA over Failure to Cooperate
Posted: Tue Mar 22, 2016 8:28 pm
California-based Commodity Trading Advisor (CTA) Accusigma Corporation, and the company’s sole principal Brent Park, have both been permanently barred from the National Futures Association (NFA), after the independent regulatory association cited repeated failures to cooperate and noting rule CR 2-5 applicable to NFA member firms.
For background, during an unannounced audit that NFA was preparing to conduct to verify statements from Park who said Accusigma didn’t conduct any business during calendar years 2012 through 2015, the NFA showed up at the address listed by the CTA – as part of a surprise audit- only to be surprised that the address was, ... (read more)