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Case Summary

TRUE VECTOR TRADING GROUP LLC NFA 09BCC00010 NFA ID: 0383441

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0320266DOUGLAS, JAMES10/01/2009
 0383441TRUE VECTOR TRADING GROUP LLC10/01/2009
Rule Summary
 NFA IDRespondentRule Type
 0320266DOUGLAS, JAMES• C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS
  • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB.
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
  • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM
 0383441TRUE VECTOR TRADING GROUP LLC• C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS
  • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB.
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
  • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM
Committee Summary
 NFA IDRespondentCommittee
 0320266DOUGLAS, JAMES• BUSINESS CONDUCT COMMITTEE
 0383441TRUE VECTOR TRADING GROUP LLC• BUSINESS CONDUCT COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0320266DOUGLAS, JAMES• GENERAL CONDUCT
  • SALES PRACTICE
 0383441TRUE VECTOR TRADING GROUP LLC• GENERAL CONDUCT
  • SALES PRACTICE
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0320266DOUGLAS, JAMES• PERMANENT BAR FROM NFA MEMBERSHIP09/16/2009
  • PERMANENT BAR FROM NFA ASSOCIATE MEMBERSHIP09/16/2009
  • PERMANENT BAR FROM PRINCIPAL STATUS09/16/2009
 0383441TRUE VECTOR TRADING GROUP LLC• PERMANENT BAR FROM NFA MEMBERSHIP09/16/2009
  • PERMANENT BAR FROM PRINCIPAL STATUS09/16/2009
Narrative Summary
Narrative for 0320266 - DOUGLAS, JAMES
**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.

 
Narrative for 0383441 - TRUE VECTOR TRADING GROUP LLC
**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.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0320266DOUGLAS, JAMESCOMPLAINT
 0320266DOUGLAS, JAMESDECISION
 0383441TRUE VECTOR TRADING GROUP LLCCOMPLAINT
 0383441TRUE VECTOR TRADING GROUP LLCDECISION
 
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