Skip Navigation Links

Case Summary

WILLIAM SUMNER SCOTT NFA 10REG00026 NFA ID: 0054540

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0054540SCOTT, WILLIAM SUMNER11/04/2011
Rule Summary
 NFA IDRespondentRule Type
 0054540SCOTT, WILLIAM SUMNER• CEA 8a(3)(M) - OTHER GOOD CAUSE
Committee Summary
 NFA IDRespondentCommittee
 0054540SCOTT, WILLIAM SUMNER• MEMBERSHIP COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0054540SCOTT, WILLIAM SUMNER• NFA REGISTRATION ACTION
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0054540SCOTT, WILLIAM SUMNER• REGISTRATION REVOKED10/05/2011
Narrative Summary
Narrative for 0054540 - SCOTT, WILLIAM SUMNER
TO VIEW THE DOCUMENTS LISTED BELOW, GO TO CASE DOCUMENTS. TO OBTAIN A COPY, CONTACT NFA'S INFORMATION CENTER

---------------------------------------------------------

Notice of Intent to Revoke Registrations:

On December 21, 2010, NFA's President issued a Notice to Revoke Registration to William Sumner Scott alleging that he is disqualified from registration under Section 8a(3)(M) of the Commodity Exchange Act.

Response to Notice of Intent and Motion for Waiver of Disqualification Fee or for an Extension of Time and for an Offer of Settlement:

On January 4, 2011, Scott filed a Response to the Notice of Intent wherein he denies that he is disqualified from registration for "other good cause" under the Act. Scott requests a waiver from filing a disqualification fee. Scott also requests the opportunity to submit a settlment offer or in the alternative, Scott requests a hearing before NFA's Membership Committee.

Final Order Revoking Registrations:

On October 5, 2011, a Subcommittee of NFA's Membership Committee issued a Final Order Revoking Registrations to Scott after a hearing was held. To view the Final Order, go to Case Documents. To obtain a copy, contact NFA's Information Center.

Scott Notice of Appeal and Motion for Stay of Revocation of Registrations:

On October 13, 2011, Scott filed with the Commodity Futures Trading Commission a Notice of Appeal and a Motion for Stay of Revocation of Registrations. To view these documents, go to Case Documents, or to obtain a copy, contact NFA's Information Center.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0054540SCOTT, WILLIAM SUMNERFINAL ORDER
 0054540SCOTT, WILLIAM SUMNERNOTICE OF APPEAL
 0054540SCOTT, WILLIAM SUMNERNOTICE OF INTENT
 0054540SCOTT, WILLIAM SUMNERPETITION TO STAY
 0054540SCOTT, WILLIAM SUMNERRESPONSE TO NOTICE OF INTENT
 
NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the futures markets.