| VANGUARD TRADING GROUP |
NFA 08BCC00034 |
NFA ID: 0374694 |
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| 0309859 | GORDON, GIOVAN ROBERTO | 07/22/2009 | | 0374694 | VANGUARD TRADING GROUP | 07/22/2009 |
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| 0309859 | GORDON, GIOVAN ROBERTO | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA | | 0374694 | VANGUARD TRADING GROUP | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA |
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| 0309859 | GORDON, GIOVAN ROBERTO | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE | | 0374694 | VANGUARD TRADING GROUP | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE |
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| 0309859 | GORDON, GIOVAN ROBERTO | • GENERAL CONDUCT | | 0374694 | VANGUARD TRADING GROUP | • GENERAL CONDUCT |
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| 0309859 | GORDON, GIOVAN ROBERTO | • TEMPORARY BAR FROM NFA MEMBERSHIP 30 MTHS | 07/07/2009 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 30 MTHS | 07/07/2009 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 30 MTHS | 07/07/2009 | | | | • FINE (CONTINGENT) $10000 | 07/07/2009 | | 0374694 | VANGUARD TRADING GROUP | • PERMANENT WITHDRAWAL FROM NFA MEMBERSHIP | 07/07/2009 | | | | • PERMANENT BAR FROM NFA MEMBERSHIP | 07/07/2009 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 07/07/2009 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On December 22, 2008, NFA issued a Complaint charging Vanguard and Gordon with failing to provide supporting documentation to NFA showing the source of Vanguard's initial capital.
ANSWER:
On April 13, 2009, Vanguard and Gordon filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On July 7, 2009, Vanguard was ordered to withdraw from NFA membership and be permanently barred from NFA membership and from acting as a principal of an NFA Member. Gordon was barred from NFA membership and associate membership and from acting as a principal of an NFA Member for 30 months. If, after expiration of the 30-month membership bar, Gordon reapplies for NFA membership or associate membership or becomes a principal of an NFA Member, he was ordered to pay a $10,000 fine.
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On December 22, 2008, NFA issued a Complaint charging Vanguard and Gordon with failing to provide supporting documentation to NFA showing the source of Vanguard's initial capital.
ANSWER:
On April 13, 2009, Vanguard and Gordon filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On July 7, 2009, Vanguard was ordered to withdraw from NFA membership and be permanently barred from NFA membership and from acting as a principal of an NFA Member. Gordon was barred from NFA membership and associate membership and from acting as a principal of an NFA Member for 30 months. If, after expiration of the 30-month membership bar, Gordon reapplies for NFA membership or associate membership or becomes a principal of an NFA Member, he was ordered to pay a $10,000 fine.
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