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Case Summary

BKT CAPITAL MANAGEMENT LLC NFA 12MRA00002 NFA ID: 0435908

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0435908BKT CAPITAL MANAGEMENT LLC01/27/2012
 0404760FAYADH, BASIL ROBERT01/27/2012
Rule Summary
No rules have been selected for this case.
Committee Summary
 NFA IDRespondentCommittee
 0435908BKT CAPITAL MANAGEMENT LLC• EXECUTIVE COMMITTEE
 0404760FAYADH, BASIL ROBERT• EXECUTIVE COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0435908BKT CAPITAL MANAGEMENT LLC• NFA GENERAL DISCIPLINARY ACTION
 0404760FAYADH, BASIL ROBERT• NFA GENERAL DISCIPLINARY ACTION
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0435908BKT CAPITAL MANAGEMENT LLC• SUSPENDED FROM MEMBERSHIP INDF01/27/2012
  • MEMBER RESPONSIBILITY ACTION01/27/2012
 0404760FAYADH, BASIL ROBERT• SUSPENDED FROM MEMBERSHIP INDF01/27/2012
  • MEMBER RESPONSIBILITY ACTION01/27/2012
Narrative Summary
Narrative for 0435908 - BKT CAPITAL MANAGEMENT LLC
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:

On January 27, 2012, NFA issued a Member Responsibility Action ("MRA") against BKT Capital Management LLC and an Associate Responsibility Action ("ARA") against Basil Fayadh ("Fayadh") whereby:

1. BKT and Fayadh are hereby suspended from NFA membership effective immediately and until further notice;

2. BKT, Fayadh and any person acting on behalf of BKT are prohibited from disbursing or transferring any customer funds over which Fayadh, BKT, BK Trading Inc. (BK Trading) or any person acting on behalf of BKT or BK Trading exercises control, without prior approval from NFA; and

3. BKT and Fayadh are required to provide copies of this MRA/ARA by overnight courier or e-mail to all: a) customers or investors of BKT or BK Trading; and b) any NFA Member (e.g., Forex Dealer Members (FDMs), Futures Commission Merchants), banks and other financial institutions in which money is on deposit in the name of BKT, BK Trading, Fayadh or any accounts either BKT, BK Trading or Fayadh operates or controls.

This action is effective immediately and deemed necessary to protect customers because BKT and Fayadh have deliberately misled NFA and failed to cooperate with NFA throughout its investigation and attempted examination of the firm.

The MRA and ARA will remain in effect until such time as BKT and Fayadh have demonstrated to the satisfaction of NFA that the firm is in complete compliance with all NFA Requirements.

 
Narrative for 0404760 - FAYADH, BASIL ROBERT
**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:

On January 27, 2012, NFA issued a Member Responsibility Action ("MRA") against BKT Capital Management LLC and an Associate Responsibility Action ("ARA") against Basil Fayadh ("Fayadh") whereby:

1. BKT and Fayadh are hereby suspended from NFA membership effective immediately and until further notice;

2. BKT, Fayadh and any person acting on behalf of BKT are prohibited from disbursing or transferring any customer funds over which Fayadh, BKT, BK Trading Inc. (BK Trading) or any person acting on behalf of BKT or BK Trading exercises control, without prior approval from NFA; and

3. BKT and Fayadh are required to provide copies of this MRA/ARA by overnight courier or e-mail to all: a) customers or investors of BKT or BK Trading; and b) any NFA Member (e.g., Forex Dealer Members (FDMs), Futures Commission Merchants), banks and other financial institutions in which money is on deposit in the name of BKT, BK Trading, Fayadh or any accounts either BKT, BK Trading or Fayadh operates or controls.

This action is effective immediately and deemed necessary to protect customers because BKT and Fayadh have deliberately misled NFA and failed to cooperate with NFA throughout its investigation and attempted examination of the firm.

The MRA and ARA will remain in effect until such time as BKT and Fayadh have demonstrated to the satisfaction of NFA that the firm is in complete compliance with all NFA Requirements.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0435908BKT CAPITAL MANAGEMENT LLCNOTICE OF MEMBER RESPONSIBILITY ACTION
 0404760FAYADH, BASIL ROBERTNOTICE OF MEMBER RESPONSIBILITY ACTION
 
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