| STRATEGIC TRADING ASSOCIATES LLC |
NFA 12BCC00025 |
NFA ID: 0397363 |
|
| | |
| 0403770 | LITTLETON, FRANCIS | 12/20/2012 | | 0397363 | STRATEGIC TRADING ASSOCIATES LLC | 12/20/2012 |
| | | | |
| | |
| 0403770 | LITTLETON, FRANCIS | • C.R.2-39 - SOLICITING, INTRODUCING, OR MANAGING OFF-EXCHANGE RETAIL FOREX TRANSACTIONS OR ACCOUNTS | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | 0397363 | STRATEGIC TRADING ASSOCIATES LLC | • C.R.2-13 - RECORDKEEPING FOR CPOS/CTAS | | | | • C.R.2-29(e) - RECDKEEPING PROMO MATERIALS | | | | • C.R.2-39 - SOLICITING, INTRODUCING, OR MANAGING OFF-EXCHANGE RETAIL FOREX TRANSACTIONS OR ACCOUNTS | | | | • BLAW301(j) - ELIGIBILITY TO CONDUCT FOREX ACTIVITIES | | | | • C.R.2-29(c) - STATEMENT OF OPINION | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • R.R.208 - CHANGES REQUIRING NEW REGISTRATION | | | | • R.R.214 - TERMINATION OF AP | | | | • C.R.2-29(b)(1) - USE OF DECEPTIVE PROMO MATER. | | | | • C.R.2-29(b)(2) - MISSTATEMT/OMISSION OF FACT PROMP | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-2 - FRAUD AND RELATED MATTERS | | | | • C.R.2-29(b)(3) - BALANCED DISCUSSION RE PROFIT/RISK |
| | | | |
| | |
| 0403770 | LITTLETON, FRANCIS | • BUSINESS CONDUCT COMMITTEE | | 0397363 | STRATEGIC TRADING ASSOCIATES LLC | • BUSINESS CONDUCT COMMITTEE |
| | | | |
| | |
| 0403770 | LITTLETON, FRANCIS | • GENERAL CONDUCT | | 0397363 | STRATEGIC TRADING ASSOCIATES LLC | • SALES PRACTICE | | | | • GENERAL CONDUCT | | | | • REGISTRATION |
| | | | |
| | |
| 0403770 | LITTLETON, FRANCIS | • TEMPORARY BAR FROM NFA MEMBERSHIP 5 YRS | 12/05/2012 | | | | • FINE (CONTINGENT) $5000 | 12/05/2012 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 2 YRS | 12/05/2012 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 5 YRS | 12/05/2012 | | 0397363 | STRATEGIC TRADING ASSOCIATES LLC | • PERMANENT BAR FROM PRINCIPAL STATUS | 12/05/2012 | | | | • PERMANENT BAR FROM NFA MEMBERSHIP | 12/05/2012 | | | | • TERMINATE NFA MEMBERSHIP | 12/05/2012 |
| | | | |
| | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.**
COMPLAINT:
On September 11, 2012, NFA issued a Complaint charging STA with acting as a CPO without registration; acting as a forex firm without being approved by NFA; failing to file required pool reports; failing to file disclosure documents; using misleading and unbalanced promotional material; failing to properly present and support hypothetical performance; failing to supervise the content and use of promotional material; failing to withdraw an inactive principal/AP in a timely manner; and failing to have any individual who was both a bona fide principal and AP of the firm. The Complaint also charged STA and Littleton with failing to supervise.
DECISION:
On December 5, 2012, pursuant to a settlement offer submitted by STA and Littleton, STA was ordered to terminate its NFA membership effective on the date of issuance of the Decision and not apply for NFA membership or principal status with any NFA Member at any time in the future. Littleton was ordered not to apply for NFA associate membership for two years from the date of issuance of the Decision and not apply for NFA membership or principal status with any NFA Member for five years from the date of issuance of the Decision.
Should Littleton apply for NFA associate membership, NFA membership or principal status with any NFA Member, he was ordered to pay a $5,000 fine, due and payable in full on or before the date of any application. Any future application by Littleton for NFA associate membership, NFA membership or principal status with any NFA Member will not be considered or approved unless the fine has been paid in full. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.**
COMPLAINT:
On September 11, 2012, NFA issued a Complaint charging STA with acting as a CPO without registration; acting as a forex firm without being approved by NFA; failing to file required pool reports; failing to file disclosure documents; using misleading and unbalanced promotional material; failing to properly present and support hypothetical performance; failing to supervise the content and use of promotional material; failing to withdraw an inactive principal/AP in a timely manner; and failing to have any individual who was both a bona fide principal and AP of the firm. The Complaint also charged STA and Littleton with failing to supervise.
DECISION:
On December 5, 2012, pursuant to a settlement offer submitted by STA and Littleton, STA was ordered to terminate its NFA membership effective on the date of issuance of the Decision and not apply for NFA membership or principal status with any NFA Member at any time in the future. Littleton was ordered not to apply for NFA associate membership for two years from the date of issuance of the Decision and not apply for NFA membership or principal status with any NFA Member for five years from the date of issuance of the Decision.
Should Littleton apply for NFA associate membership, NFA membership or principal status with any NFA Member, he was ordered to pay a $5,000 fine, due and payable in full on or before the date of any application. Any future application by Littleton for NFA associate membership, NFA membership or principal status with any NFA Member will not be considered or approved unless the fine has been paid in full. | | |
| | | | |
|
|