| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS.**
Notice of Member and Associate Responsibility Action:
On January 31, 2012, NFA's Executive Committee issued a Member Responsibility Action (MRA) and Associate Responsibility Action (ARA) against Prodigy Asset Management LLC (PAM) and Ezekiel Abdel Rahman (Rahman), whereby:
1. PAM, Rahman and any other entity or individual acting on behalf of either of them are prohibited from soliciting or accepting any customer or pool participant funds or placing trades for any pools that they operate or accounts that they own or control or which are held in either of their names except for liquidation of existing positions;
2. PAM, Rahman and any other entity or individual acting on behalf of either of them are prohibited from disbursing any funds from any pool accounts, or any other trading and repository accounts which they own or control or which are held in either of their names, without prior approval from NFA; and
3. PAM and Rahman are required to provide copies of this MRA and ARA via overnight courier to all participants in any pools which PAM and Rahman operate and to all individuals or entities whose accounts they control and to any brokerages, banks or other depositories where funds belonging to such pools and account holders or accounts in the name of PAM are held.
These actions are effective immediately and are deemed necessary to protect the commodity futures markets, pool participants, customers and other NFA Members because PAM and Rahman have failed to cooperate with NFA in its attempts to confirm information provided in various filings made by PAM and Rahman regarding PAM's CPO and CTA operations.
DECISION:
On March 21, 2013, after a hearing was held, the Hearing Panel affirmed the MRA/ARA and ordered that Prodigy and Rahman and any other entity or individual acting on their behalf continue to be:
1. Prohibited from soliciting or accepting any customer or pool participant funds or placing trades for any pools that they operate or accounts that they own or control and which are held in either of their names except for liquidation of existing positions; and
2. Prohibited from disbursing any funds from any pool accounts, or any other trading and depository accounts which they own or control or which are held in either of their names without prior approval from NFA.
In addition, Prodigy and Rahman were ordered to provide copies of the Decision via overnight courier to all participants in any pools which Prodigy and Rahman operate and to all individual or entities whose accounts they control and to any brokerages, banks or other depositories where funds belong to such pools and account holders or accounts in the name of Prodigy are held.
The restrictions will remain in effect until Prodigy and Rahman provide documentation that is acceptable to NFA that demonstrates the whereabouts of the approximate $250,000 in funds invested in the Hybrid Fund, provide answers acceptable to NFA staff regarding the operations of Prodigy and demonstrate that Prodigy and Rahman are in compliance with all NFA Requirements.
Notice of Termination of MRA/ARA:
On June 12, 2013, NFA's Executive Committee terminated the MRA/ARA against PAM and Rahman. |