| JAMES CHRISTOPHER MORTON II |
NFA 09BCC00021 |
NFA ID: 0384177 |
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| 0402957 | GLOBEFX CLUB INC | 10/01/2009 | | 0384177 | MORTON II, JAMES CHRISTOPHER | 12/04/2009 |
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| 0402957 | GLOBEFX CLUB INC | • C.R.2-2(f) - FALSE INFORMATION TO NFA/AGENTS | | | | • C.R.2-39 - SOLICITING, INTRODUCING, OR MANAGING OFF-EXCHANGE RETAIL FOREX TRANSACTIONS OR ACCOUNTS | | | | • C.R.2-5 - FAILURE TO COOPERATE W/ NFA | | 0384177 | MORTON II, JAMES CHRISTOPHER | • C.R.2-39 - SOLICITING, INTRODUCING, OR MANAGING OFF-EXCHANGE RETAIL FOREX TRANSACTIONS OR ACCOUNTS |
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| 0402957 | GLOBEFX CLUB INC | • BUSINESS CONDUCT COMMITTEE | | 0384177 | MORTON II, JAMES CHRISTOPHER | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE |
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| 0402957 | GLOBEFX CLUB INC | • GENERAL CONDUCT | | 0384177 | MORTON II, JAMES CHRISTOPHER | • GENERAL CONDUCT |
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| 0402957 | GLOBEFX CLUB INC | • PERMANENT BAR FROM NFA MEMBERSHIP | 09/16/2009 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 09/16/2009 | | 0384177 | MORTON II, JAMES CHRISTOPHER | • TEMPORARY BAR FROM PRINCIPAL STATUS 5 YRS | 11/19/2009 | | | | • FINE (CONTINGENT) $10000 | 11/19/2009 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On June 30, 2009, NFA issued a Complaint charging GlobeFX Club with failing to cooperate with NFA in its investigation of GlobeFX Club's operations and providing false and misleading information concerning the firm's operations. The Complaint also charged GlobeFX Club and Morton with failing to comply with NFA Compliance Rule 2-36(e) in the supervision of GlobeFX Club's forex activities.
DECISION:
On September 16, 2009, GlobeFX Club was permanently barred from NFA membership and from acting as a principal of an NFA Member. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On June 30, 2009, NFA issued a Complaint charging GlobeFX Club with failing to cooperate with NFA in its investigation of GlobeFX Club's operations and providing false and misleading information concerning the firm's operations. The Complaint also charged GlobeFX Club and Morton with failing to comply with NFA Compliance Rule 2-36(e) in the supervision of GlobeFX Club's forex activities.
ANSWER:
On July 16, 2009, Morton filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On November 19, 2009, Morton was prohibited from applying to be a principal of any NFA Member or acting in a capacity requiring him to be disclosed as a principal of any NFA Member for five years. If Morton again applies for NFA membership or associate membership, then, in such event, he was ordered to pay a $10,000 fine, due and payable at the time he makes such application. Until such time as Morton pays this fine in full, not action will be taken to process his application.
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