| OXFORD TRADING GROUP INC |
NFA 10BCC00020 |
NFA ID: 0414318 |
|
| | |
| 0410258 | CLARY, ERIC | 01/19/2011 | | 0399708 | GIBBS, JOSEPH GEORGE | 11/05/2010 | | 0404828 | GOLDBERGER, SETH | 02/04/2011 | | 0414318 | OXFORD TRADING GROUP INC | 02/04/2011 | | 0315202 | WELDS, SIMON SEAN | 11/05/2010 | | 0397655 | ZOFAY, FRANCIS KURT RYAN | 02/04/2011 |
| | | | |
| | |
| 0410258 | CLARY, ERIC | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | 0399708 | GIBBS, JOSEPH GEORGE | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | 0404828 | GOLDBERGER, SETH | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | 0414318 | OXFORD TRADING GROUP INC | • C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB. | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | | | • C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS | | | | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | 0315202 | WELDS, SIMON SEAN | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR | | 0397655 | ZOFAY, FRANCIS KURT RYAN | • C.R.2-9(a) - SUPERVISION OF EMPLOYEES | | | | • C.R.2-4 - HIGH STDS. OF COMMERCIAL HONOR |
| | | | |
| | |
| 0410258 | CLARY, ERIC | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE | | 0399708 | GIBBS, JOSEPH GEORGE | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE | | 0404828 | GOLDBERGER, SETH | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0414318 | OXFORD TRADING GROUP INC | • BUSINESS CONDUCT COMMITTEE | | | | • HEARING COMMITTEE | | 0315202 | WELDS, SIMON SEAN | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE | | 0397655 | ZOFAY, FRANCIS KURT RYAN | • HEARING COMMITTEE | | | | • BUSINESS CONDUCT COMMITTEE |
| | | | |
| | |
| 0410258 | CLARY, ERIC | • SALES PRACTICE | | | | • GENERAL CONDUCT | | 0399708 | GIBBS, JOSEPH GEORGE | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0404828 | GOLDBERGER, SETH | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0414318 | OXFORD TRADING GROUP INC | • GENERAL CONDUCT | | | | • SALES PRACTICE | | 0315202 | WELDS, SIMON SEAN | • GENERAL CONDUCT | | 0397655 | ZOFAY, FRANCIS KURT RYAN | • GENERAL CONDUCT |
| | | | |
| | |
| 0410258 | CLARY, ERIC | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 1 YRS | 01/04/2011 | | | | • REQUIRED TO TAPE RECORD 6 MTHS | 01/04/2011 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 1 YRS | 01/04/2011 | | | | • FINE (CONTINGENT) $10000 | 01/04/2011 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 1 YRS | 01/04/2011 | | 0399708 | GIBBS, JOSEPH GEORGE | • TEMPORARY BAR FROM NFA MEMBERSHIP 1 YRS | 10/21/2010 | | | | • TEMPORARY BAR FROM NFA ASSOCIATE MEMBERSHIP 1 YRS | 10/21/2010 | | | | • REQUIRED TO TAPE RECORD 6 MTHS | 10/21/2010 | | | | • FINE (CONTINGENT) $20000 | 10/21/2010 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 1 YRS | 10/21/2010 | | 0404828 | GOLDBERGER, SETH | • REQUIRED TO TAPE RECORD 6 MTHS | 01/20/2011 | | | | • TEMPORARY BAR FROM PRINCIPAL STATUS 2 YRS | 01/20/2011 | | | | • TEMPORARY WITHDRAWAL FROM NFA ASSOCIATE MEMBERSHIP 2 YRS | 01/20/2011 | | | | • TEMPORARY BAR FROM NFA MEMBERSHIP 2 YRS | 01/20/2011 | | | | • FINE (CONTINGENT) $20000 | 01/20/2011 | | 0414318 | OXFORD TRADING GROUP INC | • PERMANENT WITHDRAWAL FROM NFA MEMBERSHIP | 01/20/2011 | | | | • PERMANENT BAR FROM PRINCIPAL STATUS | 01/20/2011 | | 0315202 | WELDS, SIMON SEAN | • TEMPORARY BAR FROM NFA MEMBERSHIP 2 YRS | 10/21/2010 | | | | • TEMPORARY WITHDRAWAL FROM NFA ASSOCIATE MEMBERSHIP 2 YRS | 10/21/2010 | | | | • FINE (CONTINGENT) $15000 | 10/21/2010 | | | | • TEMPORARY WITHDRAWAL FROM PRINCIPAL STATUS 2 YRS | 10/21/2010 | | | | • REQUIRED TO TAPE RECORD 6 MTHS | 10/21/2010 | | 0397655 | ZOFAY, FRANCIS KURT RYAN | • TEMPORARY BAR FROM NFA MEMBERSHIP 4 YRS | 01/20/2011 | | | | • TEMPORARY WITHDRAWAL FROM NFA ASSOCIATE MEMBERSHIP 4 YRS | 01/20/2011 | | | | • REQUIRED TO TAPE RECORD 6 MTHS | 01/20/2011 | | | | • TEMPORARY WITHDRAWAL FROM PRINCIPAL STATUS 4 YRS | 01/20/2011 | | | | • FINE (CONTINGENT) $15000 | 01/20/2011 |
| | | | |
| | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On August 10, 2010, NFA issued a Complaint charging OTG, Goldberger, Gibbs and Clary with making deceptive and misleading sales solicitations. The Complaint also charged OTG, Zofay, Welds, Goldberger, Clary and Gibbs with failure to uphold high standards of commercial honor and just and equitable principles of trade. Finally, the Complaint charged OTG, Zofay and Welds with failure to supervise.
ANSWER:
On September 22, 2010, Clary filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On January 4, 2011, pursuant to a settlement offer submitted by Clary, NFA's Hearing Panel ordered Clary not to apply for NFA membership, associate membership or principal status with any NFA Member for one year. Clary was also ordered to make audio recordings of any and all conversations with customers and prospective customers for six months. In addition, Clary shall cause any and all APs sponsored by any Member of which he is a principal during the six-month period to make audio recordings of any and all conversations with customers and propsective customers. Clary was ordered to promptly produce any and all recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods during which Clary is an NFA Member, Associate Member or a principal of an NFA Member will be counted. Should Clary apply for NFA membership, associate membership or principal status with any NFA Member following the expiration of the one-year period during which he may not apply for NFA membership, associate membership or principal status with any NFA Member, he was ordered to pay a $10,000 fine, due and payable in full on or before the date of any such application. Any future application by Clary for NFA membership, associate membership or principal status with any NFA Member will not be considered or approved unless the fine has been paid in full. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On August 10, 2010, NFA issued a Complaint charging OTG, Goldberger, Gibbs and Clary with making deceptive and misleading sales solicitations. The Complaint also charged OTG, Zofay, Welds, Goldberger, Clary and Gibbs with failure to uphold high standards of commercial honor and just and equitable principles of trade. Finally, the Complaint charged OTG, Zofay and Welds with failure to supervise.
ANSWER:
On September 9, 2010, Gibbs filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On October 21, 2010, pursuant to a settlement offer submitted by Gibbs, NFA's Hearing Panel ordered Gibbs not to apply for NFA membership, associate membership or principal status with any NFA Member for one year. Gibbs was also ordered to make audio recordings of any and all conversations with customers and prospective customers for six months. In addition, Gibbs shall cause any and all APs sponsored by any Member of which he is a principal to make audio recordings of any and all conversations with customers and prospective customers. Gibbs shall promptly produce any and all recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods during which Gibbs is an NFA Member, Associate Member or principal of an NFA Member will be counted.
Should Gibbs apply for NFA membership, associate membership or principal status with any NFA Member following the expiration of the one-year period during which he may not apply for NFA nembership, associate membership or principal status with any NFA Member, Gibbs must pay a $20,000 fine, due and payable in full on or before the date of any such application. Any future application by Gibbs for NFA membership, associate membership or principal status with any NFA Member will not be considered or approved unless the fine has been paid in full.
| | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On August 10, 2010, NFA issued a Complaint charging OTG, Goldberger, Gibbs and Clary with making deceptive and misleading sales solicitations. The Complaint also charged OTG, Zofay, Welds, Goldberger, Clary and Gibbs with failure to uphold high standards of commercial honor and just and equitable principles of trade. Finally, the Complaint charged OTG, Zofay and Welds with failure to supervise.
ANSWER:
On September 8, 2010, Goldberger filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On January 20, 2011, pursuant to settlement offers submitted by OTG, Zofay and Goldberger, OTG was ordered to terminate its NFA membership no later than thirty days following the issuance of the Decision and never apply for NFA membership or principal status with any NFA Member in the future.
Zofay was ordered to terminate his NFA associate membership and principal status with an NFA Member no later than the termination of OTG's membership and not apply for NFA membership, associate membership or principal status with any NFA Member for four years following the date of termination of his NFA associate membership. Goldberger was ordered to terminate his NFA associate membership no later than the termination of OTG's NFA membership and not apply for NFA membership, associate membership or principal status with any NFA Member for two years following the date of termination of his associate membership. Zofay and Goldberger were also ordered to make audio recordings of all conversations with customers and prospective customers for six months. In addition, they shall cause all APs sponsored by any Member of which they are a principal to make audio recordings of all conversations with customers and prospective customers. Zofay and Goldberger must promptly produce all recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods when Zofay and Goldberger are an NFA Member, associate member or a principal of an NFA Member will be counted.
Should Zofay apply for NFA membership, associate membership or principal status with any NFA Member following the expiration of the four-year period during which he may not apply for NFA membership, associate membership or principal status with any NFA Member, he was ordered to pay a $15,000 fine. Should Goldberger apply for NFA membership, associate membership or principal status with any NFA Member follwoing the expiration of the two-year period during which he may not apply for NFA memberhsip, associate membership or principal status with any NFA Member, he was ordered to pay a $20,000 fine. The fines are due and payable in full on or before the date of any such application. Any future application by Zofay or Goldberger for NFA membership, associate membership or principal status with any NFA Member will not be considered or approved unless their fine has been paid in full.
This Decision is in conjunction with NFA Case No. 10-BCC-021. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On August 10, 2010, NFA issued a Complaint charging OTG, Goldberger, Gibbs and Clary with making deceptive and misleading sales solicitations. The Complaint also charged OTG, Zofay, Welds, Goldberger, Clary and Gibbs with failure to uphold high standards of commercial honor and just and equitable principles of trade. Finally, the Complaint charged OTG, Zofay and Welds with failure to supervise.
ANSWER:
On September 8, 2010, OTG filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On January 20, 2011, pursuant to settlement offers submitted by OTG, Zofay and Goldberger, OTG was ordered to terminate its NFA membership no later than thirty days following the issuance of the Decision and never apply for NFA membership or principal status with any NFA Member in the future.
Zofay was ordered to terminate his NFA associate membership and principal status with an NFA Member no later than the termination of OTG's membership and not apply for NFA membership, associate membership or principal status with any NFA Member for four years following the date of termination of his NFA associate membership. Goldberger was ordered to terminate his NFA associate membership no later than the termination of OTG's NFA membership and not apply for NFA membership, associate membership or principal status with any NFA Member for two years following the date of termination of his associate membership. Zofay and Goldberger were also ordered to make audio recordings of all conversations with customers and prospective customers for six months. In addition, they shall cause all APs sponsored by any Member of which they are a principal to make audio recordings of all conversations with customers and prospective customers. Zofay and Goldberger must promptly produce all recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods when Zofay and Goldberger are an NFA Member, associate member or a principal of an NFA Member will be counted.
Should Zofay apply for NFA membership, associate membership or principal status with any NFA Member following the expiration of the four-year period during which he may not apply for NFA membership, associate membership or principal status with any NFA Member, he was ordered to pay a $15,000 fine. Should Goldberger apply for NFA membership, associate membership or principal status with any NFA Member follwoing the expiration of the two-year period during which he may not apply for NFA memberhsip, associate membership or principal status with any NFA Member, he was ordered to pay a $20,000 fine. The fines are due and payable in full on or before the date of any such application. Any future application by Zofay or Goldberger for NFA membership, associate membership or principal status with any NFA Member will not be considered or approved unless their fine has been paid in full.
This Decision is in conjunction with NFA Case No. 10-BCC-021. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On August 10, 2010, NFA issued a Complaint charging OTG, Goldberger, Gibbs and Clary with making deceptive and misleading sales solicitations. The Complaint also charged OTG, Zofay, Welds, Goldberger, Clary and Gibbs with failure to uphold high standards of commercial honor and just and equitable principles of trade. Finally, the Complaint charged OTG, Zofay and Welds with failure to supervise.
ANSWER:
On August 12, 2010, Clary and Welds filed an Answer to the Complaint in which they denied the material allegations contained therein.
DECISION:
On October 21, 2010, pursuant to a settlement offer submitted by Welds, NFA's Hearing Panel ordered that Welds' associate membership and principal status with an NFA Member be terminated effective immediately and not to apply for NFA associate membership, membership or principal status with any NFA Member for two years. Welds was also ordered to make audio recordings of any and all conversations with customers and prospective customers for six months. In addition, Welds shall cause any and all APs sponsored by any Member of which he is a principal to make audio recordings of any and all conversations with customers and prospective customers. Welds shall promptly produce any and all recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods during which Welds is an NFA Member, Associate Member or principal of an NFA Member will be counted.
Should Welds apply for NFA membership, associate membership or principal status with any NFA Member following the expiration of the two-year period during which he may not apply for NFA nembership, associate membership or principal status with any NFA Member, Welds must pay a $15,000 fine, due and payable in full on or before the date of any such application. Any future application by Welds for NFA membership, associate membership or principal status with any NFA Member will not be considered or approved unless the fine has been paid in full.
| | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
COMPLAINT:
On August 10, 2010, NFA issued a Complaint charging OTG, Goldberger, Gibbs and Clary with making deceptive and misleading sales solicitations. The Complaint also charged OTG, Zofay, Welds, Goldberger, Clary and Gibbs with failure to uphold high standards of commercial honor and just and equitable principles of trade. Finally, the Complaint charged OTG, Zofay and Welds with failure to supervise.
ANSWER:
On September 8, 2010, Zofay filed an Answer to the Complaint in which he denied the material allegations contained therein.
DECISION:
On January 20, 2011, pursuant to settlement offers submitted by OTG, Zofay and Goldberger, OTG was ordered to terminate its NFA membership no later than thirty days following the issuance of the Decision and never apply for NFA membership or principal status with any NFA Member in the future.
Zofay was ordered to terminate his NFA associate membership and principal status with an NFA Member no later than the termination of OTG's membership and not apply for NFA membership, associate membership or principal status with any NFA Member for four years following the date of termination of his NFA associate membership. Goldberger was ordered to terminate his NFA associate membership no later than the termination of OTG's NFA membership and not apply for NFA membership, associate membership or principal status with any NFA Member for two years following the date of termination of his associate membership. Zofay and Goldberger were also ordered to make audio recordings of all conversations with customers and prospective customers for six months. In addition, they shall cause all APs sponsored by any Member of which they are a principal to make audio recordings of all conversations with customers and prospective customers. Zofay and Goldberger must promptly produce all recordings to NFA in a manner in which the participants and dates of the conversations can be readily identified. Only periods when Zofay and Goldberger are an NFA Member, associate member or a principal of an NFA Member will be counted.
Should Zofay apply for NFA membership, associate membership or principal status with any NFA Member following the expiration of the four-year period during which he may not apply for NFA membership, associate membership or principal status with any NFA Member, he was ordered to pay a $15,000 fine. Should Goldberger apply for NFA membership, associate membership or principal status with any NFA Member follwoing the expiration of the two-year period during which he may not apply for NFA memberhsip, associate membership or principal status with any NFA Member, he was ordered to pay a $20,000 fine. The fines are due and payable in full on or before the date of any such application. Any future application by Zofay or Goldberger for NFA membership, associate membership or principal status with any NFA Member will not be considered or approved unless their fine has been paid in full.
This Decision is in conjunction with NFA Case No. 10-BCC-021. | | |
| | | | |
| | |
| 0410258 | CLARY, ERIC | ANSWER | | 0410258 | CLARY, ERIC | COMPLAINT | | 0410258 | CLARY, ERIC | DECISION | | 0399708 | GIBBS, JOSEPH GEORGE | ANSWER | | 0399708 | GIBBS, JOSEPH GEORGE | COMPLAINT | | 0399708 | GIBBS, JOSEPH GEORGE | DECISION | | 0404828 | GOLDBERGER, SETH | ANSWER | | 0404828 | GOLDBERGER, SETH | COMPLAINT | | 0404828 | GOLDBERGER, SETH | DECISION | | 0414318 | OXFORD TRADING GROUP INC | ANSWER | | 0414318 | OXFORD TRADING GROUP INC | COMPLAINT | | 0414318 | OXFORD TRADING GROUP INC | DECISION | | 0315202 | WELDS, SIMON SEAN | ANSWER | | 0315202 | WELDS, SIMON SEAN | COMPLAINT | | 0315202 | WELDS, SIMON SEAN | DECISION | | 0397655 | ZOFAY, FRANCIS KURT RYAN | ANSWER | | 0397655 | ZOFAY, FRANCIS KURT RYAN | COMPLAINT | | 0397655 | ZOFAY, FRANCIS KURT RYAN | DECISION |
| | | | |
|