| TRENDEX COMMODITY CORP |
NFA 08BCC00025 |
NFA ID: 0291585 |
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| 0291585 | TRENDEX COMMODITY CORP | 03/05/2009 | | 0239002 | WAYNE, THOMAS PAUL | 03/05/2009 |
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| 0291585 | TRENDEX COMMODITY CORP | • C.R.2-29(a)(2) - HIGH PRESSURE COMM. PROHIBITED | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | 0239002 | WAYNE, THOMAS PAUL | • C.R.2-29(a)(2) - HIGH PRESSURE COMM. PROHIBITED | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR |
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| 0291585 | TRENDEX COMMODITY CORP | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0239002 | WAYNE, THOMAS PAUL | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE |
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| 0291585 | TRENDEX COMMODITY CORP | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0239002 | WAYNE, THOMAS PAUL | • GENERAL CONDUCT | | | | • SALES PRACTICE |
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| 0291585 | TRENDEX COMMODITY CORP | • PERMANENT BAR FROM NFA MEMBERSHIP | 02/18/2009 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 02/18/2009 | | 0239002 | WAYNE, THOMAS PAUL | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 2 YRS | 02/18/2009 | | | | • FINE $25000 | 02/18/2009 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 2 YRS | 02/18/2009 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 2 YRS | 02/18/2009 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On October 22, 2008, NFA issued a Complaint charging Trendex and Wayne with failing to observe just and equitable principles of trade; making deceptive and misleading sales solicitations; and using a high-pressure approach.
ANSWER:
On November 4, 2008, Trendex and Wayne filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On February 18, 2009, Trendex was ordered to withdraw from NFA membership and not reapply for NFA membership or act as a principal of an NFA Member. For two years from the date of the Decision, Wayne was ordered not to apply for NFA membership or associate membership or act as a principal of an NFA Member. During the two-year period, Wayne may not act in any capacity requiring registration, nor act as a principal of an NFA Member. If after expiration of the two-year period Wayne again becomes an NFA Member or Associate or a principal of an NFA Member, he was ordered to pay a $25,000 fine.
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On October 22, 2008, NFA issued a Complaint charging Trendex and Wayne with failing to observe just and equitable principles of trade; making deceptive and misleading sales solicitations; and using a high-pressure approach.
ANSWER:
On November 4, 2008, Trendex and Wayne filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On February 18, 2009, Trendex was ordered to withdraw from NFA membership and not reapply for NFA membership or act as a principal of an NFA Member. For two years from the date of the Decision, Wayne was ordered not to apply for NFA membership or associate membership or act as a principal of an NFA Member. During the two-year period, Wayne may not act in any capacity requiring registration, nor act as a principal of an NFA Member. If after expiration of the two-year period Wayne again becomes an NFA Member or Associate or a principal of an NFA Member, he was ordered to pay a $25,000 fine.
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