|2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999||
Email This to a Friend
For Immediate Release
December 10, 2007
San Francisco firm agrees to permanently withdraw from NFA membership as part of settlement offer
December 10, Chicago - National Futures Association (NFA) announced today that Christ Investment Service LLC (CIS), an Introducing Broker located in San Francisco, California, has agreed to permanently withdraw from NFA membership. The firm's principal, Molly Lau, will also withdraw from membership. The Decision, ordered by NFA's Business Conduct Committee, is a result of a Complaint filed in September 2007 and a settlement offer submitted by CIS and Lau.
The Complaint charged CIS and Lau with providing false information to NFA concerning CIS's customer business, failing to cooperate with NFA during its audit of the firm and failing to produce requested books and records. The Complaint also charged CIS with acting as a futures commission merchant (FCM) by accepting customer funds without being registered as an FCM, and failing to prepare monthly capital computations.
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the derivatives markets.