NFA's Logo

News Releases

2017 |  2016 |  2015 |  2014 |  2013 |  2012 |  2011 |  2010 |  2009 |  2008 |  2007 |  2006 |  2005 |  2004 |  2003 |  2002 |  2001 |  2000 |  1999

Subscribe to our feed Follow NFA_News on Twitter
Email This to a Friend
For Immediate Release
January 26, 2000

For more information contact:
Laura M. Oatney
(312) 781-1370 or
Jennifer Bucko
(312) 781-1373

NFA expels International Futures Brokerage Company and fines its principal

January 26, Chicago - National Futures Association expelled International Futures Brokerage Company and fined Robert J. Pelaez $75,000 after a hearing. NFA also barred Pelaez from association with and from acting as a principal of any NFA Member for a period of three years. IFBC is an introducing broker (IB) Member of NFA located in Studio City, California. Pelaez is a former principal of IFBC. Pelaez and IFBC submitted an Answer to the Complaint issued against them, denying the material allegations.

A designated Panel of NFA's Hearing Committee found that IFBC and Pelaez failed to observe high standards of commercial honor and just and equitable principles of trade by entering into a conspiracy to open accounts and generate futures business based on a misleading infomercial.

IFBC filed a Notice of Appeal of the Hearing Panel's Decision.

NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy