| ARISTA LLC |
NFA 12MRA00003 |
NFA ID: 0429124 |
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| 0429124 | ARISTA LLC | 02/02/2012 | | 0429261 | WALJI, ABDUL SULTAN | 02/02/2012 |
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| 0429124 | ARISTA LLC | • EXECUTIVE COMMITTEE | | 0429261 | WALJI, ABDUL SULTAN | • EXECUTIVE COMMITTEE |
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| 0429124 | ARISTA LLC | • NFA GENERAL DISCIPLINARY ACTION | | 0429261 | WALJI, ABDUL SULTAN | • NFA GENERAL DISCIPLINARY ACTION |
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| 0429124 | ARISTA LLC | • MEMBER RESPONSIBILITY ACTION | 02/02/2012 | | 0429261 | WALJI, ABDUL SULTAN | • MEMBER RESPONSIBILITY ACTION | 02/02/2012 |
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| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On January 27, 2012, NFA issued a Member Responsibility Action ("MRA") against Arista LLC ("Arista") and an Associate Responsibility Action ("ARA") against Abdul Sultan Walji ("Walji") whereby:
1. Arista, Walji, and any person acting on Arista's behalf 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 for themselves or on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades;
2. Arista, Walji, and any person acting on Arista's behalf are prohibited from disbursing or transferring any funds over which they or any person acting on their behalf exercises control (including bank, trading and other types of accounts), without prior approval from NFA; and
3. Arista and Walji are required to provide copies of this MRA/ARA by overnight courier or e-mail to all: a) customers; b) investors; and c) banks, brokerage firms, and other financial institutions with which money is on deposit in the name of Arista, or over which Arista exercises control.
This action is effective immediately and deemed necessary to protect investors in futures accounts and other investment vehicles controlled by Arista, Walji and/or Reniero Francisco ("Francisco"), a listed principal of Arista, because Arista, Walji and/or Francisco have provided false and misleading information to NFA and Arista's current investors concerning the firm's trading performance and its significant loss of investor funds, and Arista and Walji have provided false and misleading information to NFA concerning the firm's operations. Arista and Walji have also failed to cooperate with NFA in its examination of the firm by failing to produce books and records and other information that NFA has requested from them. Consequently, NFA has been unable to determine whether Arista, Walji and Francisco have acted properly in their dealings with Arista's investors or whether they have misappropriated funds and provided false information to NFA and investors concerning their investments.
The MRA and ARA will remain in effect until such time as Arista and Walji have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements. | | | |
| **TO VIEW DOCUMENTS, GO TO CASE DOCUMENTS. FOR A COPY OF DOCUMENTS, CONTACT NFA'S INFORMATION CENTER.**
NOTICE OF MEMBER RESPONSIBILITY ACTION AND ASSOCIATE RESPONSIBILITY ACTION:
On January 27, 2012, NFA issued a Member Responsibility Action ("MRA") against Arista LLC ("Arista") and an Associate Responsibility Action ("ARA") against Abdul Sultan Walji ("Walji") whereby:
1. Arista, Walji, and any person acting on Arista's behalf 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 for themselves or on behalf of customers, commodity pools, or investors except liquidation or risk reducing trades;
2. Arista, Walji, and any person acting on Arista's behalf are prohibited from disbursing or transferring any funds over which they or any person acting on their behalf exercises control (including bank, trading and other types of accounts), without prior approval from NFA; and
3. Arista and Walji are required to provide copies of this MRA/ARA by overnight courier or e-mail to all: a) customers; b) investors; and c) banks, brokerage firms, and other financial institutions with which money is on deposit in the name of Arista, or over which Arista exercises control.
This action is effective immediately and deemed necessary to protect investors in futures accounts and other investment vehicles controlled by Arista, Walji and/or Reniero Francisco ("Francisco"), a listed principal of Arista, because Arista, Walji and/or Francisco have provided false and misleading information to NFA and Arista's current investors concerning the firm's trading performance and its significant loss of investor funds, and Arista and Walji have provided false and misleading information to NFA concerning the firm's operations. Arista and Walji have also failed to cooperate with NFA in its examination of the firm by failing to produce books and records and other information that NFA has requested from them. Consequently, NFA has been unable to determine whether Arista, Walji and Francisco have acted properly in their dealings with Arista's investors or whether they have misappropriated funds and provided false information to NFA and investors concerning their investments.
The MRA and ARA will remain in effect until such time as Arista and Walji have demonstrated to the satisfaction of NFA that they are in complete compliance with all NFA Requirements. | | |
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