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Case Summary

MONTGOMERY COMMODITIES LLC

NFA 09BCC00050

NFA ID: 0291838

Respondent/Effective Date Summary

NFA ID	Respondent	Effective Date
0291838	MONTGOMERY COMMODITIES LLC	08/03/2010
0212850	MONTGOMERY, DAVID BAIRD	08/03/2010

Rule Summary

NFA ID	Respondent	Rule Type
0291838	MONTGOMERY COMMODITIES LLC	• C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS
		• C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS
		• C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
0212850	MONTGOMERY, DAVID BAIRD	• C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS
		• C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR
		• C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS

Committee Summary

NFA ID	Respondent	Committee
0291838	MONTGOMERY COMMODITIES LLC	• HEARING COMMITTEE
		• BUSINESS CONDUCT COMMITTEE
0212850	MONTGOMERY, DAVID BAIRD	• HEARING COMMITTEE
		• BUSINESS CONDUCT COMMITTEE

Action Summary

NFA ID	Respondent	Action Types
0291838	MONTGOMERY COMMODITIES LLC	• GENERAL CONDUCT
		• SALES PRACTICE
0212850	MONTGOMERY, DAVID BAIRD	• GENERAL CONDUCT
		• SALES PRACTICE

Penalty/Event Summary

NFA ID	Respondent	Penalty/Event	Event Date
0291838	MONTGOMERY COMMODITIES LLC	• PERMANENT BAR FROM PRINCIPAL STATUS	07/19/2010
		• PERMANENT BAR FROM NFA MEMBERSHIP	07/19/2010
0212850	MONTGOMERY, DAVID BAIRD	• TEMPORARY BAR FROM NFA MEMBERSHIP 10 YRS	07/19/2020
		• TEMPORARY BAR FROM PRINCIPAL STATUS 10 YRS	07/19/2020
		• TEMPORARY NFA MEMBERSHIP RESTRICTIONS	07/19/2020
		• FINE (CONTINGENT) $250000	07/19/2020
		• OTHER--SEE NARRATIVE	07/19/2020

Narrative Summary

Narrative for 0291838 - MONTGOMERY COMMODITIES LLC

**TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**

COMPLAINT:

On December 8, 2009, NFA issued a Complaint charging MC and Montgomery with defrauding customers through post-execution allocations and providing false and misleading information to NFA.

ANSWER:

On January 7, 2010, MC and Montgomery filed an Answer to the Complaint in which they denied the material allegations contained therein.

DECISION:

On July 19, 2010, MC was permanently barred from NFA membership and from acting as a principal of an NFA member. Montgomery was ordered not to apply for NFA membership or associate membership or act as a principal of an NFA Member for ten years. If after expiration of Montgomery's ten-year membership bar he reapplies for NFA membership or associate membership, or seeks to become a principal of an NFA Member, then, in any such event, the facts and violations alleged in the Complaint in this case will be deemed admitted, and will not be contested by him, and may be used as the sole basis for denying him registration, NFA membership or associate membership and/or principal status.

If, after expiration of Montgomery's ten-year membership bar, he reapplies for NFA membership or associate membership, or seeks to become a principal of an NFA Member then, in any such event, he was ordered to pay a $250,000 fine, due and payable at the time he makes such application. Until such time as he pays this fine in full, no action will be taken to process his application. Moreover, payment of the fine by Montgomery will in no way preclude NFA from denying his application solely on the basis of the facts and violations in this case.

Narrative for 0212850 - MONTGOMERY, DAVID BAIRD