| STEVEN IRVING ZANDER |
NFA 06BCC00004 |
NFA ID: 0006487 |
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| 0342033 | INTERNATIONAL COMMODITY CLEARING | 03/09/2007 | | 0006487 | ZANDER, STEVEN IRVING | 03/09/2007 |
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| 0342033 | INTERNATIONAL COMMODITY CLEARING | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • BLAW301(a)(ii) - MEMBERSHIP INELIGIBILITIES | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-29(a)(2) - HIGH PRESSURE COMM. PROHIBITED | | | | • C.R.2-30 - FAIL TO OBTAIN CUSTOMER INFO | | 0006487 | ZANDER, STEVEN IRVING | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES |
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| 0342033 | INTERNATIONAL COMMODITY CLEARING | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0006487 | ZANDER, STEVEN IRVING | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE |
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| 0342033 | INTERNATIONAL COMMODITY CLEARING | • GENERAL CONDUCT | | | | • SALES PRACTICE | | | | • REGISTRATION | | 0006487 | ZANDER, STEVEN IRVING | • GENERAL CONDUCT |
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| 0342033 | INTERNATIONAL COMMODITY CLEARING | • PERMANENT BAR FROM NFA MEMBERSHIP | 02/22/2007 | | 0006487 | ZANDER, STEVEN IRVING | • TEMPORARY BAR FROM NFA MEMBERSHIP 1 YRS | 02/22/2007 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 1 YRS | 02/22/2007 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 1 YRS | 02/22/2007 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On March 28, 2006, NFA issued a Complaint charging ICC and Zander with failing to supervise ICC's GIBs, in violation of NFA Compliance Rule 2-9(a). The Complaint also charged ICC, as the guarantor FCM of Wallstreet, UFTC, Investor One, Harrington, Mizner and CIG, with making deceptive, misleading and high-pressured sales solicitations; providing false and misleading information to NFA; failing to uphold high standards of commercial honor and just and equitable principles of trade; failing to supervise; encouraging a customer to borrow money to fund his account; and allowing an unregistered individual to solicit accounts, in violation of NFA Compliance Rules 2-2(a), 2-2(f) 2-29(a)(1), 2-29(a)(2), 2-4, 2-9 and 2-3 and NFA Bylaw 301.
ANSWER -
On May 23, 2006, ICC and Zander filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On February 22, 2007, ICC was ordered to never reapply for NFA membership in any capacity. Zander was ordered not to reapply for NFA membership or associate membership, or act as a principal of an NFA Member, or act in a supervisory capacity for an NFA Member, for one year. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On March 28, 2006, NFA issued a Complaint charging ICC and Zander with failing to supervise ICC's GIBs, in violation of NFA Compliance Rule 2-9(a). The Complaint also charged ICC, as the guarantor FCM of Wallstreet, UFTC, Investor One, Harrington, Mizner and CIG, with making deceptive, misleading and high-pressured sales solicitations; providing false and misleading information to NFA; failing to uphold high standards of commercial honor and just and equitable principles of trade; failing to supervise; encouraging a customer to borrow money to fund his account; and allowing an unregistered individual to solicit accounts, in violation of NFA Compliance Rules 2-2(a), 2-2(f) 2-29(a)(1), 2-29(a)(2), 2-4, 2-9 and 2-3 and NFA Bylaw 301.
ANSWER -
On May 23, 2006, ICC and Zander filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On February 22, 2007, ICC was ordered to never reapply for NFA membership in any capacity. Zander was ordered not to reapply for NFA membership or associate membership, or act as a principal of an NFA Member, or act in a supervisory capacity for an NFA Member, for one year. | | |
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| 0342033 | INTERNATIONAL COMMODITY CLEARING | ANSWER | | 0342033 | INTERNATIONAL COMMODITY CLEARING | COMPLAINT | | 0342033 | INTERNATIONAL COMMODITY CLEARING | DECISION | | 0006487 | ZANDER, STEVEN IRVING | ANSWER | | 0006487 | ZANDER, STEVEN IRVING | COMPLAINT | | 0006487 | ZANDER, STEVEN IRVING | DECISION |
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