| TRUE VECTOR TRADING GROUP LLC |
NFA 09BCC00010 |
NFA ID: 0383441 |
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| 0320266 | DOUGLAS, JAMES | 10/01/2009 | | 0383441 | TRUE VECTOR TRADING GROUP LLC | 10/01/2009 |
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| 0320266 | DOUGLAS, JAMES | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0383441 | TRUE VECTOR TRADING GROUP LLC | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS |
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| 0320266 | DOUGLAS, JAMES | • BUSINESS CONDUCT COMMITTEE | | 0383441 | TRUE VECTOR TRADING GROUP LLC | • BUSINESS CONDUCT COMMITTEE |
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| 0320266 | DOUGLAS, JAMES | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0383441 | TRUE VECTOR TRADING GROUP LLC | • GENERAL CONDUCT | | | | • SALES PRACTICE |
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| 0320266 | DOUGLAS, JAMES | • PERMANENT BAR FROM NFA MEMBERSHIP | 09/16/2009 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 09/16/2009 | | | | • PERMANENT BAR FROM NFA ASSOCIATE MEMBERSHIP | 09/16/2009 | | 0383441 | TRUE VECTOR TRADING GROUP LLC | • PERMANENT BAR FROM NFA MEMBERSHIP | 09/16/2009 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 09/16/2009 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On June 10, 2009, NFA issued a Complaint alleging that True Vector and Douglas made misleading sales solicitations and failed to uphold high standards of commercial honor and just and equitable principles of trade by having customers sign account opening documents in blank and completing them with inaccurate information. The Complaint also alleged that True Vector and Douglas failed to implement an adequate anti-money laundering program and failed to diligently supervise employees and agents in the conduct of their commodity futures activities.
DECISION:
On September 16, 2009, True Vector was permanently barred from NFA membership and from acting as a principal of an NFA Member; and Douglas was permanently barred from NFA membership and associate membership and from acting as a principal of an NFA Member. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On June 10, 2009, NFA issued a Complaint alleging that True Vector and Douglas made misleading sales solicitations and failed to uphold high standards of commercial honor and just and equitable principles of trade by having customers sign account opening documents in blank and completing them with inaccurate information. The Complaint also alleged that True Vector and Douglas failed to implement an adequate anti-money laundering program and failed to diligently supervise employees and agents in the conduct of their commodity futures activities.
DECISION:
On September 16, 2009, True Vector was permanently barred from NFA membership and from acting as a principal of an NFA Member; and Douglas was permanently barred from NFA membership and associate membership and from acting as a principal of an NFA Member. | | |
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