| COMMERCIAL HEDGE SERVICES INC |
NFA 04BCC00006 |
NFA ID: 0211307 |
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| 0211307 | COMMERCIAL HEDGE SERVICES INC | 03/27/2008 | | 0211308 | VOLF, LAWRENCE JOSEPH | 03/27/2008 |
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| 0211307 | COMMERCIAL HEDGE SERVICES INC | • BLAW1101 - MEMBS MAY NOT DO BUS. W/ NON-MEMBS | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | 0211308 | VOLF, LAWRENCE JOSEPH | • BLAW1101 - MEMBS MAY NOT DO BUS. W/ NON-MEMBS | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR |
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| 0211307 | COMMERCIAL HEDGE SERVICES INC | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0211308 | VOLF, LAWRENCE JOSEPH | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE |
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| 0211307 | COMMERCIAL HEDGE SERVICES INC | • GENERAL CONDUCT | | | | • REGISTRATION | | | | • SALES PRACTICE | | 0211308 | VOLF, LAWRENCE JOSEPH | • GENERAL CONDUCT | | | | • REGISTRATION | | | | • SALES PRACTICE |
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| 0211307 | COMMERCIAL HEDGE SERVICES INC | • TEMPORARY BAR FROM NFA MEMBERSHIP 3 YRS | 03/12/2008 | | 0211308 | VOLF, LAWRENCE JOSEPH | • TEMPORARY BAR FROM PRINCIPAL STATUS 3 YRS | 03/12/2008 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 3 YRS | 03/12/2008 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 3 YRS | 03/12/2008 |
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| COMPLAINT:
On May 5, 2004, NFA's Business Conduct Committee ("BCC") issued a Complaint to Commercial Hedge Services, Inc. ("CHS") and Lawrence J. Volf ("Volf"). The Complaint alleges that CHS and Volf placed unauthorized speculative trades in customers' hedge accounts, in violation of NFA Compliance Rule 2-2(a). The Complaint also alleges that CHS and Volf failed to uphold high standards of commercial honor and just and equitable principles of trade by doing business with Prime Trading Company, Inc. which was required to be registered as an introducing broker NFA Member but was not, in violation of NFA Compliance Rule 2-4 and NFA Bylaw 1101.
ANSWER:
On June 4, 2004, CHS and Volf filed an Answer to the Complaint in which they denied the material allegations contained therein. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On May 5, 2004, NFA issued a Complaint charging CHS and Volf with placing unauthorized speculative trades in customers' hedge accounts. The Complaint also charged CHS and Volf with failing to uphold high standards of commercial honor and just and equitable principles of trade by doing business with Prime Trading Company, Inc. which was required to be registered as an IB NFA Member but was not.
ANSWER:
On June 4, 2004, CHS and Volf filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On March 12, 2008, CHS and Volf were ordered not to apply for NFA membership or NFA associate membership, or act as a principal of an NFA Member for three years. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On May 5, 2004, NFA issued a Complaint charging CHS and Volf with placing unauthorized speculative trades in customers' hedge accounts. The Complaint also charged CHS and Volf with failing to uphold high standards of commercial honor and just and equitable principles of trade by doing business with Prime Trading Company, Inc. which was required to be registered as an IB NFA Member but was not.
ANSWER:
On June 4, 2004, CHS and Volf filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On March 12, 2008, CHS and Volf were ordered not to apply for NFA membership or NFA associate membership, or act as a principal of an NFA Member for three years. | | |
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