|2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999||
Email This to a Friend
For Immediate Release
January 26, 2000
For more information contact:
NFA expels International Futures Brokerage Company and fines its principal
January 26, Chicago - National Futures Association expelled International Futures Brokerage Company and fined Robert J. Pelaez $75,000 after a hearing. NFA also barred Pelaez from association with and from acting as a principal of any NFA Member for a period of three years. IFBC is an introducing broker (IB) Member of NFA located in Studio City, California. Pelaez is a former principal of IFBC. Pelaez and IFBC submitted an Answer to the Complaint issued against them, denying the material allegations.
A designated Panel of NFA's Hearing Committee found that IFBC and Pelaez failed to observe high standards of commercial honor and just and equitable principles of trade by entering into a conspiracy to open accounts and generate futures business based on a misleading infomercial.
IFBC filed a Notice of Appeal of the Hearing Panel's Decision.
NFA is a congressionally authorized self-regulatory organization for the U.S. futures industry.