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Case Summary

STRATEGIC TRADING ASSOCIATES LLC NFA 12BCC00025 NFA ID: 0397363

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0403770LITTLETON, FRANCIS12/20/2012
 0397363STRATEGIC TRADING ASSOCIATES LLC12/20/2012
Rule Summary
 NFA IDRespondentRule Type
 0403770LITTLETON, FRANCIS• C.R.2-39 - SOLICITING, INTRODUCING, OR MANAGING OFF-EXCHANGE RETAIL FOREX TRANSACTIONS OR ACCOUNTS
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
 0397363STRATEGIC TRADING ASSOCIATES LLC• C.R.2-13 - RECORDKEEPING FOR CPOS/CTAS
  • C.R.2-29(b)(1) - USE OF DECEPTIVE PROMO MATER.
  • C.R.2-29(b)(2) - MISSTATEMT/OMISSION OF FACT PROMP
  • C.R.2-29(b)(3) - BALANCED DISCUSSION RE PROFIT/RISK
  • C.R.2-29(c) - STATEMENT OF OPINION
  • C.R.2-29(e) - RECDKEEPING PROMO MATERIALS
  • C.R.2-39 - SOLICITING, INTRODUCING, OR MANAGING OFF-EXCHANGE RETAIL FOREX TRANSACTIONS OR ACCOUNTS
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
  • R.R.214 - TERMINATION OF AP
  • C.R.2-2 - FRAUD AND RELATED MATTERS
  • BLAW301(j) - ELIGIBILITY TO CONDUCT FOREX ACTIVITIES
  • R.R.208 - CHANGES REQUIRING NEW REGISTRATION
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
Committee Summary
 NFA IDRespondentCommittee
 0403770LITTLETON, FRANCIS• BUSINESS CONDUCT COMMITTEE
 0397363STRATEGIC TRADING ASSOCIATES LLC• BUSINESS CONDUCT COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0403770LITTLETON, FRANCIS• GENERAL CONDUCT
 0397363STRATEGIC TRADING ASSOCIATES LLC• SALES PRACTICE
  • GENERAL CONDUCT
  • REGISTRATION
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0403770LITTLETON, FRANCIS• TEMPORARY BAR FROM NFA MEMBERSHIP 5 YRS12/05/2012
  • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 2 YRS12/05/2012
  • TEMPORARY BAR FROM PRINCIPAL STATUS 5 YRS12/05/2012
  • FINE (CONTINGENT) $500012/05/2012
 0397363STRATEGIC TRADING ASSOCIATES LLC• TERMINATE NFA MEMBERSHIP12/05/2012
  • PERMANENT BAR FROM PRINCIPAL STATUS12/05/2012
  • PERMANENT BAR FROM NFA MEMBERSHIP12/05/2012
Narrative Summary
Narrative for 0403770 - LITTLETON, FRANCIS
**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.

 
Narrative for 0397363 - STRATEGIC TRADING ASSOCIATES LLC
**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.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0403770LITTLETON, FRANCISCOMPLAINT
 0403770LITTLETON, FRANCISDECISION
 0397363STRATEGIC TRADING ASSOCIATES LLCCOMPLAINT
 0397363STRATEGIC TRADING ASSOCIATES LLCDECISION
 
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