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Case Summary

LUCKOW GROUP INC NFA 14BCC00013 NFA ID: 0257206

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0358481ASPIRANT MANAGEMENT LLC01/28/2015
 0257206LUCKOW GROUP INC01/28/2015
 0084021LUCKOW, PAUL D01/28/2015
Rule Summary
 NFA IDRespondentRule Type
 0358481ASPIRANT MANAGEMENT LLC• C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS
  • C.R.2-45 - PROHIBITION OF LOANS BY COMMODITY POOLS TO CPOS AND AFFILIATED ENTITIES
  • C.R.2-2(h) - EMBEZZLE/STEAL CUSTOMER PROPERTY
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
 0257206LUCKOW GROUP INC• C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
  • C.R.2-2(h) - EMBEZZLE/STEAL CUSTOMER PROPERTY
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
 0084021LUCKOW, PAUL D• C.R.2-9(a) - SUPERVISION OF EMPLOYEES
  • C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS
  • C.R.2-2(h) - EMBEZZLE/STEAL CUSTOMER PROPERTY
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
Committee Summary
 NFA IDRespondentCommittee
 0358481ASPIRANT MANAGEMENT LLC• HEARING COMMITTEE
  • BUSINESS CONDUCT COMMITTEE
 0257206LUCKOW GROUP INC• BUSINESS CONDUCT COMMITTEE
  • HEARING COMMITTEE
 0084021LUCKOW, PAUL D• HEARING COMMITTEE
  • BUSINESS CONDUCT COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0358481ASPIRANT MANAGEMENT LLC• GENERAL CONDUCT
  • SALES PRACTICE
 0257206LUCKOW GROUP INC• GENERAL CONDUCT
  • SALES PRACTICE
 0084021LUCKOW, PAUL D• GENERAL CONDUCT
  • SALES PRACTICE
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0358481ASPIRANT MANAGEMENT LLC• PERMANENT BAR FROM NFA MEMBERSHIP01/13/2015
  • FINE (JOINTLY AND SEVERALLY) $2000001/13/2015
  • PERMANENT BAR FROM PRINCIPAL STATUS01/13/2015
  • WITHDRAW FROM MEMBERSHIP01/13/2015
 0257206LUCKOW GROUP INC• PERMANENT BAR FROM PRINCIPAL STATUS01/13/2015
  • WITHDRAW FROM MEMBERSHIP01/13/2015
  • PERMANENT BAR FROM NFA MEMBERSHIP01/13/2015
  • FINE (JOINTLY AND SEVERALLY) $2000001/13/2015
 0084021LUCKOW, PAUL D• OTHER--SEE NARRATIVE01/13/2015
  • FINE (JOINTLY AND SEVERALLY) $2000001/13/2015
Narrative Summary
Narrative for 0358481 - ASPIRANT MANAGEMENT LLC
*TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.*

COMPLAINT:

On June 30, 2014, NFA issued a Complaint charging Aspirant Management, Luckow Group and Luckow with converting assets of pool participants; failing to uphold high standards of commercial honor and just and equitable principles of trade; and failing to supervise. Aspirant Management and Luckow were also charged with providing misleading information to NFA. Finally, Aspirant Management was charged with permitting a commodity pool to make loans or advances to its CPO or an affiliated entity.

ANSWER:

On September 23, 2014, Aspirant Management, Luckow Group and Luckow filed an Answer to the Complaint in which they denied the material allegations contained therein.

DECISION:

On January 13, 2015, pursuant to a settlement offer submitted by Aspirant Management, Luckow Group and Luckow, Aspirant Management and Luckow Group were ordered to withdraw from NFA membership within 30 days after the effective date of the Decision and never reapply for NFA membership or act as a principal of an NFA Member at any time in the future. Aspirant Management, Luckow Group and Luckow, jointly and severally, were ordered to pay a $20,000 fine.

Finally, Luckow was ordered in the future to act only as the sole AP and sole principal of an NFA Member guaranteed IB; however, if he withdraws or otherwise terminates his status as the sole AP and sole principal of an NFA Member GIB then he may become registered as an AP of another NFA Member firm, provided he is only an AP of that firm and is supervised by a registered AP who is also a principal of that Member firm. Notwithstanding the above, Luckow may not apply for registration as an AP or be listed as a principal of a CPO or CTA NFA Member.

 
Narrative for 0257206 - LUCKOW GROUP INC
*TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.*

COMPLAINT:

On June 30, 2014, NFA issued a Complaint charging Aspirant Management, Luckow Group and Luckow with converting assets of pool participants; failing to uphold high standards of commercial honor and just and equitable principles of trade; and failing to supervise. Aspirant Management and Luckow were also charged with providing misleading information to NFA. Finally, Aspirant Management was charged with permitting a commodity pool to make loans or advances to its CPO or an affiliated entity.

ANSWER:

On September 23, 2014, Aspirant Management, Luckow Group and Luckow filed an Answer to the Complaint in which they denied the material allegations contained therein.

DECISION:

On January 13, 2015, pursuant to a settlement offer submitted by Aspirant Management, Luckow Group and Luckow, Aspirant Management and Luckow Group were ordered to withdraw from NFA membership within 30 days after the effective date of the Decision and never reapply for NFA membership or act as a principal of an NFA Member at any time in the future. Aspirant Management, Luckow Group and Luckow, jointly and severally, were ordered to pay a $20,000 fine.

Finally, Luckow was ordered in the future to act only as the sole AP and sole principal of an NFA Member guaranteed IB; however, if he withdraws or otherwise terminates his status as the sole AP and sole principal of an NFA Member GIB then he may become registered as an AP of another NFA Member firm, provided he is only an AP of that firm and is supervised by a registered AP who is also a principal of that Member firm. Notwithstanding the above, Luckow may not apply for registration as an AP or be listed as a principal of a CPO or CTA NFA Member.

 
Narrative for 0084021 - LUCKOW, PAUL D
*TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.*

COMPLAINT:

On June 30, 2014, NFA issued a Complaint charging Aspirant Management, Luckow Group and Luckow with converting assets of pool participants; failing to uphold high standards of commercial honor and just and equitable principles of trade; and failing to supervise. Aspirant Management and Luckow were also charged with providing misleading information to NFA. Finally, Aspirant Management was charged with permitting a commodity pool to make loans or advances to its CPO or an affiliated entity.

ANSWER:

On September 23, 2014, Aspirant Management, Luckow Group and Luckow filed an Answer to the Complaint in which they denied the material allegations contained therein.

DECISION:

On January 13, 2015, pursuant to a settlement offer submitted by Aspirant Management, Luckow Group and Luckow, Aspirant Management and Luckow Group were ordered to withdraw from NFA membership within 30 days after the effective date of the Decision and never reapply for NFA membership or act as a principal of an NFA Member at any time in the future. Aspirant Management, Luckow Group and Luckow, jointly and severally, were ordered to pay a $20,000 fine.

Finally, Luckow was ordered in the future to act only as the sole AP and sole principal of an NFA Member guaranteed IB; however, if he withdraws or otherwise terminates his status as the sole AP and sole principal of an NFA Member GIB then he may become registered as an AP of another NFA Member firm, provided he is only an AP of that firm and is supervised by a registered AP who is also a principal of that Member firm. Notwithstanding the above, Luckow may not apply for registration as an AP or be listed as a principal of a CPO or CTA NFA Member.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0358481ASPIRANT MANAGEMENT LLCANSWER
 0358481ASPIRANT MANAGEMENT LLCCOMPLAINT
 0358481ASPIRANT MANAGEMENT LLCDECISION
 0257206LUCKOW GROUP INCANSWER
 0257206LUCKOW GROUP INCCOMPLAINT
 0257206LUCKOW GROUP INCDECISION
 0084021LUCKOW, PAUL DANSWER
 0084021LUCKOW, PAUL DCOMPLAINT
 0084021LUCKOW, PAUL DDECISION
 
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