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Arbitration Details

JAMES GREEN NFA ID: 0209125

An NFA Arbitration claim is a futures or forex related dispute involving a customer and an NFA Member (or employee) or Associate. It is not a regulatory action.
NFA only discloses information concerning arbitration cases that have been decided by an arbitration panel. NFA does not release the names of parties who have settled their parts in the cases. Furthermore, NFA does not report or release information on cases that closed before January 1, 1990, cases that are still pending, or cases that were settled, withdrawn or rejected. Therefore, the number of NFA Arbitration Decisions reflects the total number of claims filed in NFA Arbitration that were decided by an arbitration panel. These decisions may have been decided in favor of the Claimant or Respondent.
Effective January 1, 2000, NFA discloses the names of persons who represent parties in NFA customer arbitration proceedings if the matters were decided by an arbitration panel. As of the same date, customers may no longer ask NFA to keep their identities confidential.

Case Summary
 Case No.FiledDecision DateProduct
 96ARB0015108/26/199605/04/1998Futures (Domestic Exchange)
Options (Domestic Exchange)
Summary of Parties
 CustomersMembersRepresentatives
• BRADLEY CZAJKA• JAMES GREEN
• DEAN PAUL HOFFMAN
•  LFG LLC
• PAUL BRIAN NOVOTNY
• JAMES KOCH
• JAMES A MCGURK
Proceeding Details
 Panel TypeNumber of ArbitratorsProceeding TypeLocation (City, State)
 MEMBER3HEARINGCHICAGO, IL
Summary of Awards and Claims
 Type Claim Amount Counter Claim 3rd Party Claim Cross Claim
 
Compensatory
Punitive
Treble
Interest
Attorney Fees
Costs
 Claim Award
$121,800.00$2,207.22
$27,200.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$2,812.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
 Claim Award
$0.00$0.00
$0.00$0.00
$0.00$0.00
NA$0.00
NA$0.00
NA$0.00
Summary of Issues
FAILURE TO PROVIDE ADEQUATE RISK DISCLOSURE, CHURNING, VIOLATION OF THE ILLINOIS CONSUMER FRAUD ACT, VIOLATION OF NFA RULE 2-4, VIOLATION OF SECTION 4(B) OF THE COMMODITY EXCHANGE ACT, WAIVER, ESTOPPEL AND RATIFICATION.

LFG, LLC SHALL PAY TO CUSTOMER CLAIMANT $5,019.22. THE CLAIMS AGAINST JAMES GREEN, DEAN HOFFMAN AND PAUL NOVOTNY ARE DISMISSED.

 
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