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
April 01, 2003

For more information contact:
Cynthia Cain (312) 781-1490, ccain@nfa.futures.org or
Larry Dyekman (312) 781-1372, ldyekman@nfa.futures.org

NFA fines Fort Lauderdale futures firm and three of its principals

April 1, Chicago - National Futures Association has levied a total of $500,000 in fines against Barkley Financial Corporation, an Introducing Broker located in Fort Lauderdale, Florida, and three of the firm's principals, Stuart Rubin, Steven D. Schwartz and Melvin P. Kanowitz. The Decision, handed down by an NFA Hearing Panel, also imposes sanctions involving participation in NFA's enhanced surveillance program, pre-review of any sales solicitation scripts and submission to NFA of all customer complaints received by Barkley. The fines and sanctions are part of a settlement offer submitted jointly by Barkley and Rubin and individually by Schwartz and Kanowitz.

The NFA Complaint alleged that Barkley and several of its Associated Persons made misleading and deceptive sales solicitations. NFA also alleged that Barkley, Rubin, Schwartz and Kanowitz failed to diligently supervise employees and agents in the conduct of their commodity futures activities.

The Hearing Panel also issued fines and sanctions against the following Associated Persons employed by Barkley: Alexander H. Brown, Bryan O. Tierney, Alberto J. Jimenez, Greg P. Allotta, Carole M. Fawcett, Donald C. Garwood, Gregory L. McCullough, Everton J. Buchanan, Kevin R. Moran, Philip M. Verde, Randall L. McCullough, Scott V. Vrabel, Sheila J. Wimberly and Charles Warren, III.

NFA is the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets.

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