| CHRISTOPHER B SPINNLER |
NFA 07BCC00044 |
NFA ID: 0346307 |
|
| | |
| 0333605 | BETTY, IAN FLOYD | 04/10/2008 | | 0371313 | EHRHART, RYAN | 04/10/2008 | | 0352929 | KLINE, THOMAS EDMOND | 04/10/2008 | | 0347183 | MAJESTIC COMMODITY CORPORATION | 04/10/2008 | | 0367281 | SIMS, MICHAEL HEATH | 04/10/2008 | | 0346307 | SPINNLER, CHRISTOPHER B | 07/29/2008 | | 0328639 | VALLEE, MICHAEL JOSEPH | 04/10/2008 |
| | | | |
| | |
| 0333605 | BETTY, IAN FLOYD | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0371313 | EHRHART, RYAN | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0352929 | KLINE, THOMAS EDMOND | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | 0347183 | MAJESTIC COMMODITY CORPORATION | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-6 - CONDUCTING BUSINESS W/ SUSP. MEMBER | | 0367281 | SIMS, MICHAEL HEATH | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | 0346307 | SPINNLER, CHRISTOPHER B | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0328639 | VALLEE, MICHAEL JOSEPH | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS |
| | | | |
| | |
| 0333605 | BETTY, IAN FLOYD | • BUSINESS CONDUCT COMMITTEE | | 0371313 | EHRHART, RYAN | • BUSINESS CONDUCT COMMITTEE | | 0352929 | KLINE, THOMAS EDMOND | • BUSINESS CONDUCT COMMITTEE | | 0347183 | MAJESTIC COMMODITY CORPORATION | • BUSINESS CONDUCT COMMITTEE | | 0367281 | SIMS, MICHAEL HEATH | • BUSINESS CONDUCT COMMITTEE | | 0346307 | SPINNLER, CHRISTOPHER B | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0328639 | VALLEE, MICHAEL JOSEPH | • BUSINESS CONDUCT COMMITTEE |
| | | | |
| | |
| 0333605 | BETTY, IAN FLOYD | • SALES PRACTICE | | 0371313 | EHRHART, RYAN | • SALES PRACTICE | | 0352929 | KLINE, THOMAS EDMOND | • SALES PRACTICE | | 0347183 | MAJESTIC COMMODITY CORPORATION | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0367281 | SIMS, MICHAEL HEATH | • GENERAL CONDUCT | | 0346307 | SPINNLER, CHRISTOPHER B | • SALES PRACTICE | | 0328639 | VALLEE, MICHAEL JOSEPH | • SALES PRACTICE |
| | | | |
| | |
| 0333605 | BETTY, IAN FLOYD | • TEMPORARY BAR FROM PRINCIPAL STATUS 3 YRS | 03/26/2008 | | | | • REQUIRED TO TAPE RECORD 1 YRS | 03/26/2008 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 3 YRS | 03/26/2008 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 3 YRS | 03/26/2008 | | | | • FINE $5000 | 03/26/2008 | | 0371313 | EHRHART, RYAN | • FINE $15000 | 03/26/2008 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 4 YRS | 03/26/2008 | | | | • REQUIRED TO TAPE RECORD 1 YRS | 03/26/2008 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 4 YRS | 03/26/2008 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 4 YRS | 03/26/2008 | | 0352929 | KLINE, THOMAS EDMOND | • TEMPORARY BAR FROM PRINCIPAL STATUS 4 YRS | 03/26/2008 | | | | • REQUIRED TO TAPE RECORD 1 YRS | 03/26/2008 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 4 YRS | 03/26/2008 | | | | • FINE $15000 | 03/26/2008 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 4 YRS | 03/26/2008 | | 0347183 | MAJESTIC COMMODITY CORPORATION | • PERMANENT BAR FROM PRINCIPAL STATUS | 03/26/2008 | | | | • PERMANENT BAR FROM NFA MEMBERSHIP | 03/26/2008 | | 0367281 | SIMS, MICHAEL HEATH | • PERMANENT BAR FROM PRINCIPAL STATUS | 03/26/2008 | | | | • PERMANENT BAR FROM NFA ASSOCIATE MEMBERSHIP | 03/26/2008 | | | | • PERMANENT BAR FROM NFA MEMBERSHIP | 03/26/2008 | | 0346307 | SPINNLER, CHRISTOPHER B | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 1 YRS | 07/14/2008 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 1 YRS | 07/14/2008 | | | | • FINE $5000 | 07/14/2008 | | | | • REQUIRED TO TAPE RECORD 1 YRS | 07/14/2008 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 1 YRS | 07/14/2008 | | 0328639 | VALLEE, MICHAEL JOSEPH | • PERMANENT BAR FROM NFA ASSOCIATE MEMBERSHIP | 03/26/2008 | | | | • PERMANENT BAR FROM NFA MEMBERSHIP | 03/26/2008 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 03/26/2008 |
| | | | |
| | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
DECISION:
On March 26, 2008, Betty was barred from NFA membership and associate membership and from being a principal of an NFA Member for three years. Should Betty, after expiration of the three-year membership bar, again become an NFA Member or Associate, or become a principal of an NFA Member, he was ordered to: a) pay a $5,000 fine, due and payable thirty days after he is granted NFA membership or associate membership, or becomes a principal of an NFA Member; and b) tape record, for one year, all conversations between himself and existing or potential customers; retain the tapes for one year from the date they are created; and make the tapes available to NFA upon request. Only periods of time when Betty is registered and actively soliciting customers will be counted. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
DECISION:
On March 26, 2008, Ehrhart was barred from NFA membership and associate membership and from being a principal of an NFA Member for four years. Should Ehrhart, after expiration of the four-year membership bar, again become an NFA Member or Associate, or become a principal of an NFA Member, he was ordered to: a) pay a $15,000 fine, due and payable thirty days after he is granted NFA membership or associate membership, or becomes a principal of an NFA Member; and b) tape record, for one year, all conversations between himself and existing or potential customers; retain the tapes for one year from the date they are created; and make the tapes available to NFA upon request. Only periods of time when Ehrhart is registered and actively soliciting customers, on a full-time basis, will be counted. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
DECISION:
On March 26, 2008, Kline was barred from NFA membership and associate membership and from being a principal of an NFA Member for four years. Should Kline, after expiration of the four-year membership bar, again become an NFA Member or Associate, or become a principal of an NFA Member, he was ordered to: a) pay a $15,000 fine, due and payable thirty days after he is granted NFA membership or associate membership, or becomes a principal of an NFA Member; and b) tape record, for one year, all conversations between himself and existing or potential customers; retain the tapes for one year from the date they are created; and make the tapes available to NFA upon request. Only periods of time when Kline is registered and actively soliciting customers, on a full-time basis, will be counted. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
DECISION:
On March 26, 2008, Majestic was permanently barred from NFA membership and from being a principal of any NFA Member. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
DECISION:
On March 26, 2008, Sims was permanently barred from NFA membership and associate membership and from being a principal of any NFA Member. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
ANSWER:
On February 4, 2008, Spinnler filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On July 14, 2008, Spinnler was ordered not to apply for NFA membership or associate membership or act as a principal of an NFA Member for one year. During the one-year membership bar, Spinnler may not act in any capacity requiring registration, nor act as a principal of an NFA Member.
If, after expiration of the one-year membership bar, Spinnler is granted NFA membership or associate membership, or becomes a principal of an NFA Member, he must pay a $5,000 fine due and payable thirty days after he is granted NFA membership or associate membership, or becomes a principal of an NFA Member.
If and when Spinnler again becomes an NFA Member or Associate, he must tape record, for one year, all conversations between himself and existing or potential customers; retain the tapes for one year; and make the tapes available to NFA. The one-year taping requirement begins on the date that he again becomes an NFA Member or Associate, and will continue for one year. Only periods of time when Spinnler is registered and actively soliciting customers will be counted.
If Spinnler becomes a principal of an NFA Member, he shall cause all APs of that firm - and any other firm of which he is a principal - to tape record, for one year, all conversations that occur between them and existing or potential customers; retain the tapes for one year; and make the tapes available to NFA. The one-year taping requirement applies to each and every firm of which he becomes a principal and begins on the date he becomes a principal of each firm, respectively. Only periods of time when he is a principal of that particular firm and that firm is actively soliciting customers will be counted. The taping requirements expire on December 31, 2012. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On November 29, 2007, NFA issued a Complaint charging Majestic, Ehrhart, Vallee, Betty, Kline and Spinnler with making deceptive, misleading and high-pressure sales solicitations. The Complaint further charged Majestic with conducting futures business with a suspended associate. In addition, the Complaint charged Majestic and Sims with failure to supervise.
DECISION:
On March 26, 2008, Vallee was permanently barred from NFA membership and associate membership and from being a principal of any NFA Member. | | |
| | | | |
| | |
| 0333605 | BETTY, IAN FLOYD | COMPLAINT | | 0333605 | BETTY, IAN FLOYD | DECISION | | 0371313 | EHRHART, RYAN | COMPLAINT | | 0371313 | EHRHART, RYAN | DECISION | | 0352929 | KLINE, THOMAS EDMOND | COMPLAINT | | 0352929 | KLINE, THOMAS EDMOND | DECISION | | 0347183 | MAJESTIC COMMODITY CORPORATION | COMPLAINT | | 0347183 | MAJESTIC COMMODITY CORPORATION | DECISION | | 0367281 | SIMS, MICHAEL HEATH | COMPLAINT | | 0367281 | SIMS, MICHAEL HEATH | DECISION | | 0346307 | SPINNLER, CHRISTOPHER B | ANSWER | | 0346307 | SPINNLER, CHRISTOPHER B | COMPLAINT | | 0346307 | SPINNLER, CHRISTOPHER B | DECISION | | 0328639 | VALLEE, MICHAEL JOSEPH | COMPLAINT | | 0328639 | VALLEE, MICHAEL JOSEPH | DECISION |
| | | | |
|