Home > News Center > News Releases

News Releases

2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999

Subscribe to our feed Follow NFA_News on Twitter
Email This to a Friend
For Immediate Release
November 08, 2013

For more information contact:
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org
Karen Wuertz (312) 781-1335, kwuertz@nfa.futures.org

NFA permanently bars Escondido, California commodity trading advisor and commodity pool operator Light Tower Investments, Inc. and its principal, Klaus P. Weyers

November 8, Chicago - National Futures Association (NFA) has permanently barred Light Tower Investments, Inc. (Light Tower), a commodity trading advisor (CTA) and commodity pool operator Member of NFA located in Escondido, California, from NFA membership. NFA has also permanently barred Light Tower's principal, Klaus P. Weyers (Weyers). The Decision, issued by NFA's Business Conduct Committee, is based on a Complaint filed against Light Tower and Weyers on June 28, 2013.

Light Tower and Weyers were served with the Committee's Complaint on two separate occasions but failed to file an answer as required by NFA rules.

The Committee found that Light Tower and Weyers failed to cooperate with NFA during NFA's investigation of their activities. In addition, the Committee found that Light Tower failed to file a pool disclosure document or annual financial statement with NFA; failed to provide pool participants with a disclosure document or a financial statement; and failed to provide new CTA customers with an updated disclosure document. The Committee also found that Light Tower failed to list an individual as a principal.

Light Tower and Weyers were also named in a Member Responsibility Action issued by NFA on May 22, 2013.

Light Tower and Weyers may appeal the Committee's Decision to NFA's Appeals Committee by filing a written notice of appeal within 15 days of the date of the Decision.

The complete text of the Complaint and Decision can be viewed on NFA's website (www.nfa.futures.org).

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the futures markets.
Site Index | Contact NFA | News Center | FAQs | Career Opportunities | Industry Links | Home
© National Futures Association All Rights Reserved. | Disclaimer and Privacy Policy