| IAG CAPITAL MANAGEMENT LLC |
NFA 10MRA00002 |
NFA ID: 0393293 |
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| 0393293 | IAG CAPITAL MANAGEMENT LLC | 03/08/2010 | | 0286392 | KELLY, WILLIAM PATRICK | 03/08/2010 | | 0294968 | MURPHY, TIMOTHY MICHAEL | 03/08/2010 |
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| 0393293 | IAG CAPITAL MANAGEMENT LLC | • EXECUTIVE COMMITTEE | | 0286392 | KELLY, WILLIAM PATRICK | • EXECUTIVE COMMITTEE | | 0294968 | MURPHY, TIMOTHY MICHAEL | • EXECUTIVE COMMITTEE |
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| 0393293 | IAG CAPITAL MANAGEMENT LLC | • NFA GENERAL DISCIPLINARY ACTION | | 0286392 | KELLY, WILLIAM PATRICK | • NFA GENERAL DISCIPLINARY ACTION | | 0294968 | MURPHY, TIMOTHY MICHAEL | • NFA GENERAL DISCIPLINARY ACTION |
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| 0393293 | IAG CAPITAL MANAGEMENT LLC | • MEMBER RESPONSIBILITY ACTION | 03/08/2010 | | 0286392 | KELLY, WILLIAM PATRICK | • MEMBER RESPONSIBILITY ACTION | 03/08/2010 | | 0294968 | MURPHY, TIMOTHY MICHAEL | • MEMBER RESPONSIBILITY ACTION | 03/08/2010 |
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| TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. TO OBTAIN A COPY, CONTACT NFA'S INFORMATION CENTER.
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On March 8, 2010, NFA issued a Member Responsibility Action (MRA) against IAG Capital Management LLC (IAG) and an Associate Responsibility Action (ARA) against William P. Kelly (Kelly) and Timothy M. Murphy (Murphy) whereby:
1. Murphy is prohibited from introducing any customer accounts, soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades in the CFTC Regulation 4.13(a)(4) exempt Centurion Multi Strategy LP Fund or any other fund over which Murphy exercises control and must ensure that no other trading occurs in these accounts or funds;
2. Kelly and IAG are prohibited from soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades in the IAG Multi Strategy Fund LP or any other fund over which Kelly or IAG exercise control and must ensure that no other trading occurs in these accounts or funds;
3. IAG, Murphy and Kelly are prohibited from disbursing or transferring any funds of customers, investors, commodity pools over which they exercise control, or participants in any such commodity pools, without prior approval from NFA; and
4. IAG, Kelly and Murphy are required to provide copies of this MRA/ARA via overnight courier to: a) all customers; b) all participants in the Centurion Multi Strategy LP Fund, the IAG Multi Strategy Fund LP and all investors in any other funds or investment vehicles over which IAG, Kelly and/or Murphy exercises control; c) all Class B members of IAG The Investment Advisory Group LLC ("TIAG"); and d) to all banks and other financial institutions in which money is on deposit in the name of IAG, Kelly, Murphy, Centurion Multi Strategy LP Fund, IAG Multi Strategy Fund LP, IAG The Investment Advisory Group LLC, or any other entity over which Kelly and/or Murphy exercises control.
This action is effective immediately and is deemed necessary to protect customers of Kelly and Murphy and firms which they control, as well as investors in commodity pools and other investment vehicles controlled by Kelly and/or Murphy, including, but not limited to IAG Multi Strategy Fund LP, Centurion Multi Strategy LP Fund and TIAG, based on, Kelly's, Murphy's, and IAG's apparent misappropriation of customer funds and their failure to cooperate with NFA in its investigation of their activities and demonstrate that they are in full compliance with NFA Requirements.
The MRA and ARA will remain in effect until such time as IAG, Murphy, and Kelly have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.
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| TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. TO OBTAIN A COPY, CONTACT NFA'S INFORMATION CENTER.
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On March 8, 2010, NFA issued a Member Responsibility Action (MRA) against IAG Capital Management LLC (IAG) and an Associate Responsibility Action (ARA) against William P. Kelly (Kelly) and Timothy M. Murphy (Murphy) whereby:
1. Murphy is prohibited from introducing any customer accounts, soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades in the CFTC Regulation 4.13(a)(4) exempt Centurion Multi Strategy LP Fund or any other fund over which Murphy exercises control and must ensure that no other trading occurs in these accounts or funds;
2. Kelly and IAG are prohibited from soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades in the IAG Multi Strategy Fund LP or any other fund over which Kelly or IAG exercise control and must ensure that no other trading occurs in these accounts or funds;
3. IAG, Murphy and Kelly are prohibited from disbursing or transferring any funds of customers, investors, commodity pools over which they exercise control, or participants in any such commodity pools, without prior approval from NFA; and
4. IAG, Kelly and Murphy are required to provide copies of this MRA/ARA via overnight courier to: a) all customers; b) all participants in the Centurion Multi Strategy LP Fund, the IAG Multi Strategy Fund LP and all investors in any other funds or investment vehicles over which IAG, Kelly and/or Murphy exercises control; c) all Class B members of IAG The Investment Advisory Group LLC ("TIAG"); and d) to all banks and other financial institutions in which money is on deposit in the name of IAG, Kelly, Murphy, Centurion Multi Strategy LP Fund, IAG Multi Strategy Fund LP, IAG The Investment Advisory Group LLC, or any other entity over which Kelly and/or Murphy exercises control.
This action is effective immediately and is deemed necessary to protect customers of Kelly and Murphy and firms which they control, as well as investors in commodity pools and other investment vehicles controlled by Kelly and/or Murphy, including, but not limited to IAG Multi Strategy Fund LP, Centurion Multi Strategy LP Fund and TIAG, based on, Kelly's, Murphy's, and IAG's apparent misappropriation of customer funds and their failure to cooperate with NFA in its investigation of their activities and demonstrate that they are in full compliance with NFA Requirements.
The MRA and ARA will remain in effect until such time as IAG, Murphy, and Kelly have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.
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| TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. TO OBTAIN A COPY, CONTACT NFA'S INFORMATION CENTER.
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On March 8, 2010, NFA issued a Member Responsibility Action (MRA) against IAG Capital Management LLC (IAG) and an Associate Responsibility Action (ARA) against William P. Kelly (Kelly) and Timothy M. Murphy (Murphy) whereby:
1. Murphy is prohibited from introducing any customer accounts, soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades in the CFTC Regulation 4.13(a)(4) exempt Centurion Multi Strategy LP Fund or any other fund over which Murphy exercises control and must ensure that no other trading occurs in these accounts or funds;
2. Kelly and IAG are prohibited from soliciting or accepting any funds from customers or investors, soliciting investments for any commodity pools or other investment vehicles, or placing any trades on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades in the IAG Multi Strategy Fund LP or any other fund over which Kelly or IAG exercise control and must ensure that no other trading occurs in these accounts or funds;
3. IAG, Murphy and Kelly are prohibited from disbursing or transferring any funds of customers, investors, commodity pools over which they exercise control, or participants in any such commodity pools, without prior approval from NFA; and
4. IAG, Kelly and Murphy are required to provide copies of this MRA/ARA via overnight courier to: a) all customers; b) all participants in the Centurion Multi Strategy LP Fund, the IAG Multi Strategy Fund LP and all investors in any other funds or investment vehicles over which IAG, Kelly and/or Murphy exercises control; c) all Class B members of IAG The Investment Advisory Group LLC ("TIAG"); and d) to all banks and other financial institutions in which money is on deposit in the name of IAG, Kelly, Murphy, Centurion Multi Strategy LP Fund, IAG Multi Strategy Fund LP, IAG The Investment Advisory Group LLC, or any other entity over which Kelly and/or Murphy exercises control.
This action is effective immediately and is deemed necessary to protect customers of Kelly and Murphy and firms which they control, as well as investors in commodity pools and other investment vehicles controlled by Kelly and/or Murphy, including, but not limited to IAG Multi Strategy Fund LP, Centurion Multi Strategy LP Fund and TIAG, based on, Kelly's, Murphy's, and IAG's apparent misappropriation of customer funds and their failure to cooperate with NFA in its investigation of their activities and demonstrate that they are in full compliance with NFA Requirements.
The MRA and ARA will remain in effect until such time as IAG, Murphy, and Kelly have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements.
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