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Case Summary

LEONARD DANIEL LOCRICCHIO NFA 09BCC00019 NFA ID: 0272051

Respondent/Effective Date Summary
 NFA IDRespondentEffective Date
 0272051LOCRICCHIO, LEONARD DANIEL01/21/2010
Rule Summary
 NFA IDRespondentRule Type
 0272051LOCRICCHIO, LEONARD DANIEL• C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS
  • C.R.2-2 - FRAUD AND RELATED MATTERS
  • C.R.2-8(a) - GRANT OF DISCRETION MUST BE WRITTEN
  • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
Committee Summary
 NFA IDRespondentCommittee
 0272051LOCRICCHIO, LEONARD DANIEL• HEARING COMMITTEE
  • BUSINESS CONDUCT COMMITTEE
Action Summary
 NFA IDRespondentAction Types
 0272051LOCRICCHIO, LEONARD DANIEL• OFFICE RECORDKEEPING
  • GENERAL CONDUCT
Penalty/Event Summary
 NFA IDRespondentPenalty/EventEvent Date
 0272051LOCRICCHIO, LEONARD DANIEL• TEMPORARY WITHDRAWAL FROM NFA MEMBERSHIP 2 YRS01/06/2010
  • TEMPORARY WITHDRAWAL FROM PRINCIPAL STATUS 2 YRS01/06/2010
  • TEMPORARY WITHDRAWAL FROM NFA ASSOCIATE MEMBERSHIP 6 MTHS01/06/2010
Narrative Summary
Narrative for 0272051 - LOCRICCHIO, LEONARD DANIEL
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COMPLAINT:

On June 30, 2009, NFA issued a Complaint charging Locricchio with acting as a CTA without being registered as a CTA; failing to obtain written authorization to exercise discretion over customer accounts; providing false or misleading information to NFA; and failing to observe high standards of commercial honor and just and equitable principles of trade.

ANSWER:

On August 3, 2009, Locricchio filed an Answer to the Complaint in which he denied the material allegations contained therein.

DECISION:

On January 6, 2010, Locricchio was ordered to withdraw from NFA membership and associate membership and not apply for NFA membership or act as a principal of an NFA Member for two years. In addition, Locricchio was ordered not to reapply for NFA associate membership for six months.

 
Case Documents Summary
 NFA IDRespondentDocument Type
 0272051LOCRICCHIO, LEONARD DANIELANSWER
 0272051LOCRICCHIO, LEONARD DANIELCOMPLAINT
 0272051LOCRICCHIO, LEONARD DANIELDECISION
 
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