| OLYMPUS FUTURES INC |
NFA ID: 0371672 |
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An NFA Arbitration claim is a futures or forex related dispute involving a customer and an NFA Member (or employee) or Associate. It is not a regulatory action.
NFA only discloses information concerning arbitration cases that have been decided by an arbitration panel.
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proceedings if the matters were decided by an arbitration panel. As of the same date, customers may no longer ask
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| 08ARB00115 | 08/20/2008 | 07/06/2009 | |
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| • PUTZ &PUTZ LLC | • ABERON SECURITIES CAPITAL MANAGEMENT LLC
• CARLIN FUTURES LLC
• OLYMPUS FUTURES INC
• ROSENTHAL COLLINS GROUP LLC | • KEVIN CONWAY
• LLOYD KADISH
• JOSHUA LEFKOWITS
• STEVEN PATRICK PHERSON
• RICHARD REIBMAN
• JEFFREY SCHULMAN |
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| NON-MEMBER | 3 | HEARING | CHICAGO, IL |
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| $243,000.00 | $0.00 | | $243,000.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
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| $0.00 | $0.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
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| $0.00 | $0.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
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| $0.00 | $0.00 | | $0.00 | $0.00 | | $0.00 | $0.00 | | NA | $0.00 | | NA | $0.00 | | NA | $0.00 |
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| | | The following issues were presented to and decided by the undersigned Arbitrators: violation of Section 6(b) and 6(o) of the Commodity Exchange Act which includes churning, excessive commission rates, breach of fiduciary duty, misrepresentation about and failure to disclose risk, additional issues include breach of contract, negligence, common law fraud and deceit, violation of NFA Rule 2-2 (fraud and related matters), violation of NFA rule 2-4 (just and equitable principles of trade), Violation of NFA rule 2-29 (communications with the public and promotional material and violation of NFA Rule 2-30 (The "Know your Customer" Rule), Claimant's request for interest and costs and Respondents Carlin Futures and Aberon Securities Capital Management, LLC's request for attorney's fees and costs incurred as part of this proceeding.
We, the Arbitrators appointed to hear and decide this matter, have determined the following in accordance with the Code of Arbitration of National Futures Association.
The Panel unanimously denies all claims of Putz & Putz, LLC against Rosenthal Collins Group, LLC, Aberon Securities Capital Management, LLC, Olympus Futures, Inc. and Carlin Futures, LLC, and dismisses them with prejudice.
Each party shall bear its own costs and fees as incurred.
All other relief requested is hereby denied.
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