| CASTLE TRADING INC |
NFA 06BCC00007 |
NFA ID: 0302967 |
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| 0302967 | CASTLE TRADING INC | 01/31/2007 | | 0322968 | CHP ASSET MANAGEMENT LLC | 01/31/2007 | | 0296807 | PLYAM, YURI | 01/31/2007 |
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| 0302967 | CASTLE TRADING INC | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA | | | | • F.R.SEC5NEW - INTRODUCING BROKER FINANCIAL REQUIREMENTS | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-9(c) - ANTI-MONEY LAUNDERING PROGRAM | | | | • C.R.2-10 - RECORDKEEPING FCMS/IBS | | 0322968 | CHP ASSET MANAGEMENT LLC | • C.R.2-13 - RECORDKEEPING FOR CPOS/CTAS | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA | | 0296807 | PLYAM, YURI | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA |
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| 0302967 | CASTLE TRADING INC | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0322968 | CHP ASSET MANAGEMENT LLC | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE | | 0296807 | PLYAM, YURI | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE |
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| 0302967 | CASTLE TRADING INC | • GENERAL CONDUCT | | | | • OFFICE RECORDKEEPING | | | | • FINANCIAL | | 0322968 | CHP ASSET MANAGEMENT LLC | • GENERAL CONDUCT | | 0296807 | PLYAM, YURI | • GENERAL CONDUCT |
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| 0302967 | CASTLE TRADING INC | • SUBMIT PROMOTIONAL MATERIAL TO NFA INDF | 01/16/2007 | | | | • OTHER--SEE NARRATIVE | 01/16/2007 | | 0322968 | CHP ASSET MANAGEMENT LLC | • FINE $30000 | 01/16/2007 | | | | • PERMANENT WITHDRAWAL FROM NFA MEMBERSHIP | 01/16/2007 | | 0296807 | PLYAM, YURI | • OTHER--SEE NARRATIVE | 01/16/2007 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On April 13, 2006, NFA issued a Complaint charging Plyam, Castle and CHP with failure to comply with Decisions issued by the BCC and failure to supervise. The Complaint also charged Castle with failure to maintain required books and records, failure to file required telegraphic notice and failure to initiate an adequate anti-money laundering program. Finally, the Complaint charged CHP with failure to prepare accurate pool statements.
ANSWER -
On May 17, 2006, Castle, CHP and Plyam filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On January 16, 2007, CHP and Acceleration were ordered to terminate their NFA memberships and neither CHP nor Acceleration shall apply for NFA membership at any time in the future. CHP was also ordered to pay a $30,000 fine. It was ordered that neither Plyam nor any firm of which he is a principal or which he otherise controls shall operate any commodity pool for three years. Castle was ordered to submit all promotional material to NFA for review and approval prior to first use and maintain minimum ANC of at least $100,000 for eighteen months. The Decision also granted NFA's Motion to dismiss the allegation in the Complaint that Plyam, Castle and CHP failed to comply with Decisions issued by the BCC. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On April 13, 2006, NFA issued a Complaint charging Plyam, Castle and CHP with failure to comply with Decisions issued by the BCC and failure to supervise. The Complaint also charged Castle with failure to maintain required books and records, failure to file required telegraphic notice and failure to initiate an adequate anti-money laundering program. Finally, the Complaint charged CHP with failure to prepare accurate pool statements.
ANSWER -
On May 17, 2006, Castle, CHP and Plyam filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On January 16, 2007, CHP and Acceleration were ordered to terminate their NFA memberships and neither CHP nor Acceleration shall apply for NFA membership at any time in the future. CHP was also ordered to pay a $30,000 fine. It was ordered that neither Plyam nor any firm of which he is a principal or which he otherise controls shall operate any commodity pool for three years. Castle was ordered to submit all promotional material to NFA for review and approval prior to first use and maintain minimum ANC of at least $100,000 for eighteen months. The Decision also granted NFA's Motion to dismiss the allegation in the Complaint that Plyam, Castle and CHP failed to comply with Decisions issued by the BCC. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT -
On April 13, 2006, NFA issued a Complaint charging Plyam, Castle and CHP with failure to comply with Decisions issued by the BCC and failure to supervise. The Complaint also charged Castle with failure to maintain required books and records, failure to file required telegraphic notice and failure to initiate an adequate anti-money laundering program. Finally, the Complaint charged CHP with failure to prepare accurate pool statements.
ANSWER -
On May 17, 2006, Castle, CHP and Plyam filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION -
On January 16, 2007, CHP and Acceleration were ordered to terminate their NFA memberships and neither CHP nor Acceleration shall apply for NFA membership at any time in the future. CHP was also ordered to pay a $30,000 fine. It was ordered that neither Plyam nor any firm of which he is a principal or which he otherise controls shall operate any commodity pool for three years. Castle was ordered to submit all promotional material to NFA for review and approval prior to first use and maintain minimum ANC of at least $100,000 for eighteen months. The Decision also granted NFA's Motion to dismiss the allegation in the Complaint that Plyam, Castle and CHP failed to comply with Decisions issued by the BCC. | | |
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