| 11 TRADING INC |
NFA 07MRA00005 |
NFA ID: 0367645 |
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| 0367645 | 11 TRADING INC | 05/16/2007 | | 0366470 | EIGER INVESTMENT GROUP | 05/16/2007 | | 0318405 | HEIERLE, JOERG | 05/16/2007 |
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| | | No rules have been selected for this case. |
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| 0367645 | 11 TRADING INC | • EXECUTIVE COMMITTEE | | 0366470 | EIGER INVESTMENT GROUP | • EXECUTIVE COMMITTEE | | 0318405 | HEIERLE, JOERG | • EXECUTIVE COMMITTEE |
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| 0367645 | 11 TRADING INC | • NFA GENERAL DISCIPLINARY ACTION | | 0366470 | EIGER INVESTMENT GROUP | • NFA GENERAL DISCIPLINARY ACTION | | 0318405 | HEIERLE, JOERG | • NFA GENERAL DISCIPLINARY ACTION |
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| 0367645 | 11 TRADING INC | • MEMBER RESPONSIBILITY ACTION | 05/16/2007 | | | | • SUSPENDED FROM MEMBERSHIP INDF | 05/16/2007 | | 0366470 | EIGER INVESTMENT GROUP | • MEMBER RESPONSIBILITY ACTION | 05/16/2007 | | | | • SUSPENDED FROM MEMBERSHIP INDF | 05/16/2007 | | 0318405 | HEIERLE, JOERG | • MEMBER RESPONSIBILITY ACTION | 05/16/2007 | | | | • SUSPENDED FROM MEMBERSHIP INDF | 05/16/2007 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
NOTICE OF MEMBER AND ASSOCIATE RESPONSIBILITY ACTIONS:
On May 16, 2007, NFA issued a Member Responsibility Action ("MRA") against 11 Trading and Eiger and an Associate Responsibility Action against Heierle whereby:
1. 11 Trading, Eiger, and Heierle are suspended from NFA Membership effective immediately and until further notice;
2. 11 Trading, Eiger, and Heierle are prohibited from acting in any manner which requires registration under the Commodity Exchange Act;
3. 11 Trading, Eiger, and Heierle are prohibited from soliciting or accepting any additional customer accounts;
4. 11 Trading, Eiger, and Heierle are prohibited from accepting or placing trades for accounts except for liquidation of existing positions. In placing such liquidation orders, 11 Trading, Eiger, and Heierle must act in the best interest of their customers;
5. 11 Trading, Eiger, and Heierle must immediately liquidate all positions held in any account in their name or the name of any entity for which they are a principal and, further, are prohibited from initiating any additional positions in such accounts.
6. 11 Trading, Eiger, and Heierle are prohibited from distributing, disbursing, or transferring any funds without the prior approval of NFA; and
7. 11 Trading, Eiger, and Heierle are required to provide copies of this MRA by overnight courier to all customers having accounts which 11 Trading, Eiger, and/or Heierle have controlled or introduced to an FCM and to all financial institutions, including without limitation any FCMs or broker-dealers to whom 11 Trading, Eiger, and/or Heierle has introduced customer accounts or who carry accounts managed by 11 Trading, Eiger, and/or Heierle.
This action is effective immediately and is deemed necessary to protect customers because NFA has been unable to contact Heierle, the only principal and AP for both 11 Trading and Eiger, since April 27, 2007. Further, NFA has received information that suggests Heierle is acting illegally as an FCM and a commodity pool operator. As a result of not being able to contact Heierle, NFA has been unable to determine what business 11 Trading, Eiger, and Heierle are conducting and whether they are in compliance with NFA requirements.
The MRA will remain in effect until such time as 11 Trading, Eiger, and Heierle have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
NOTICE OF MEMBER AND ASSOCIATE RESPONSIBILITY ACTIONS:
On May 16, 2007, NFA issued a Member Responsibility Action ("MRA") against 11 Trading and Eiger and an Associate Responsibility Action against Heierle whereby:
1. 11 Trading, Eiger, and Heierle are suspended from NFA Membership effective immediately and until further notice;
2. 11 Trading, Eiger, and Heierle are prohibited from acting in any manner which requires registration under the Commodity Exchange Act;
3. 11 Trading, Eiger, and Heierle are prohibited from soliciting or accepting any additional customer accounts;
4. 11 Trading, Eiger, and Heierle are prohibited from accepting or placing trades for accounts except for liquidation of existing positions. In placing such liquidation orders, 11 Trading, Eiger, and Heierle must act in the best interest of their customers;
5. 11 Trading, Eiger, and Heierle must immediately liquidate all positions held in any account in their name or the name of any entity for which they are a principal and, further, are prohibited from initiating any additional positions in such accounts.
6. 11 Trading, Eiger, and Heierle are prohibited from distributing, disbursing, or transferring any funds without the prior approval of NFA; and
7. 11 Trading, Eiger, and Heierle are required to provide copies of this MRA by overnight courier to all customers having accounts which 11 Trading, Eiger, and/or Heierle have controlled or introduced to an FCM and to all financial institutions, including without limitation any FCMs or broker-dealers to whom 11 Trading, Eiger, and/or Heierle has introduced customer accounts or who carry accounts managed by 11 Trading, Eiger, and/or Heierle.
This action is effective immediately and is deemed necessary to protect customers because NFA has been unable to contact Heierle, the only principal and AP for both 11 Trading and Eiger, since April 27, 2007. Further, NFA has received information that suggests Heierle is acting illegally as an FCM and a commodity pool operator. As a result of not being able to contact Heierle, NFA has been unable to determine what business 11 Trading, Eiger, and Heierle are conducting and whether they are in compliance with NFA requirements.
The MRA will remain in effect until such time as 11 Trading, Eiger, and Heierle have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
NOTICE OF MEMBER AND ASSOCIATE RESPONSIBILITY ACTIONS:
On May 16, 2007, NFA issued a Member Responsibility Action ("MRA") against 11 Trading and Eiger and an Associate Responsibility Action against Heierle whereby:
1. 11 Trading, Eiger, and Heierle are suspended from NFA Membership effective immediately and until further notice;
2. 11 Trading, Eiger, and Heierle are prohibited from acting in any manner which requires registration under the Commodity Exchange Act;
3. 11 Trading, Eiger, and Heierle are prohibited from soliciting or accepting any additional customer accounts;
4. 11 Trading, Eiger, and Heierle are prohibited from accepting or placing trades for accounts except for liquidation of existing positions. In placing such liquidation orders, 11 Trading, Eiger, and Heierle must act in the best interest of their customers;
5. 11 Trading, Eiger, and Heierle must immediately liquidate all positions held in any account in their name or the name of any entity for which they are a principal and, further, are prohibited from initiating any additional positions in such accounts.
6. 11 Trading, Eiger, and Heierle are prohibited from distributing, disbursing, or transferring any funds without the prior approval of NFA; and
7. 11 Trading, Eiger, and Heierle are required to provide copies of this MRA by overnight courier to all customers having accounts which 11 Trading, Eiger, and/or Heierle have controlled or introduced to an FCM and to all financial institutions, including without limitation any FCMs or broker-dealers to whom 11 Trading, Eiger, and/or Heierle has introduced customer accounts or who carry accounts managed by 11 Trading, Eiger, and/or Heierle.
This action is effective immediately and is deemed necessary to protect customers because NFA has been unable to contact Heierle, the only principal and AP for both 11 Trading and Eiger, since April 27, 2007. Further, NFA has received information that suggests Heierle is acting illegally as an FCM and a commodity pool operator. As a result of not being able to contact Heierle, NFA has been unable to determine what business 11 Trading, Eiger, and Heierle are conducting and whether they are in compliance with NFA requirements.
The MRA will remain in effect until such time as 11 Trading, Eiger, and Heierle have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements. | | |
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