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
September 19, 2000

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

NFA orders New Jersey introducing broker and one of its APs to withdraw from membership

September 19, Chicago - NFA ordered a Holmdel, New Jersey introducing broker and one of its associated persons (AP) to withdraw from NFA membership for allegedly using a sales training outline that encouraged APs to use high-pressure sales techniques and then lying about it to NFA. The AP also allegedly failed to cooperate with NFA in an audit by not producing all customer complaints. Fidelity Mercantile Corp. was ordered to permanently withdraw from NFA membership and Dean K. Piper was ordered to withdraw from NFA membership and Associate membership for a period of three years. Piper is also subject to restrictions on his registration should he become registered again. Fidelity and Piper submitted settlement offers to NFA neither admitting nor denying the allegations in the Complaint.

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