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Case Summary

FARVIEW INVESTMENTS LLC NFA 11BCC00027 NFA ID: 0405099

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0077625BROOKS, RICK E03/17/2012
 0405099FARVIEW INVESTMENTS LLC03/17/2012
Rule Summary
 NFA IDRespondentRule Type
 0077625BROOKS, RICK E• C.R.2-9(a) - SUPERVISION OF EMPLOYEES
 0405099FARVIEW INVESTMENTS LLC• F.R.SEC5NEW - INTRODUCING BROKER FINANCIAL REQUIREMENTS
  • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM
  • C.R.2-9(a) - SUPERVISION OF EMPLOYEES
  • C.R.2-10 - RECORDKEEPING FCMS/IBS
Committee Summary
 NFA IDRespondentCommittee
 0077625BROOKS, RICK E• HEARING COMMITTEE
  • BUSINESS CONDUCT COMMITTEE
 0405099FARVIEW INVESTMENTS LLC• HEARING COMMITTEE
  • BUSINESS CONDUCT COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0077625BROOKS, RICK E• GENERAL CONDUCT
 0405099FARVIEW INVESTMENTS LLC• GENERAL CONDUCT
  • OFFICE RECORDKEEPING
  • FINANCIAL
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0077625BROOKS, RICK E• OTHER--SEE NARRATIVE03/02/2012
  • FINE (JOINTLY AND SEVERALLY) $750003/02/2012
 0405099FARVIEW INVESTMENTS LLC• OTHER--SEE NARRATIVE03/02/2012
  • FINE (JOINTLY AND SEVERALLY) $750003/02/2012
Narrative Summary
Narrative for 0077625 - BROOKS, RICK E
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

On October 18, 2011, NFA issued a Complaint charging Farview with failure to keep accurate financial records, maintain required minimum adjusted net capital, and file telegraphic notice; and failure to implement an adequate AML program. The Complaint also charged Farview and Brooks with failure to supervise.

ANSWER:

On November 16, 2011, Farview and Brooks filed an Answer to the Complaint in which they denied the material allegations contained therein.

DECISION:

On March 2, 2012, pursuant to a settlement offer submitted by Farview and Brooks, they were ordered to pay a $7,500 fine. In addition, Farview, and any NFA Member firm of which Brooks is a principal, will only operate as a GIB for three years.

 
Narrative for 0405099 - FARVIEW INVESTMENTS LLC
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

On October 18, 2011, NFA issued a Complaint charging Farview with failure to keep accurate financial records, maintain required minimum adjusted net capital, and file telegraphic notice; and failure to implement an adequate AML program. The Complaint also charged Farview and Brooks with failure to supervise.

ANSWER:

On November 16, 2011, Farview and Brooks filed an Answer to the Complaint in which they denied the material allegations contained therein.

DECISION:

On March 2, 2012, pursuant to a settlement offer submitted by Farview and Brooks, they were ordered to pay a $7,500 fine. In addition, Farview, and any NFA Member firm of which Brooks is a principal, will only operate as a GIB for three years.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0077625BROOKS, RICK EANSWER
 0077625BROOKS, RICK ECOMPLAINT
 0077625BROOKS, RICK EDECISION
 0405099FARVIEW INVESTMENTS LLCANSWER
 0405099FARVIEW INVESTMENTS LLCCOMPLAINT
 0405099FARVIEW INVESTMENTS LLCDECISION
 
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